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Accounting

Problem:

The EEE Company has obtained the following data: Month Indirect Production Costs Direct Labor Hours July $92,095 4,900 August 105,056 5,480 September 81,802 3,700 October 99,400 4,400 November 109,794 6,000 December 97,404 3,900

Required:

Question 1: Using the high-low method, determine the cost function for the above data. Round to two decimal places.

Question 2: If direct labor hours equal 10,000, what are the total expected indirect production costs?

Note: Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164052

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