(Answered) Question - shook industrialthe following selected data were

Accounting

Question - Shook Industrial

The following selected data were taken from the accounting records of Shook Industrial Manufacturing:

Month Machine Hours Manufacturing OH

May 46,000 $889,000

June 60,000 1,130,000

July 68,000 1,279,000

August 52,000 980,000

July's costs consisted of machine supplies ($170,000), property taxex ($24,000), and plant maitenance ($1,080,000). These costs exhibited the following respective behaviors: variable, fixed, and semi-variable.

Required:

1. Determine the machine supplies and property taxes for May.

2. By using the high-low method, analyze Shook's plant maintenance costs and calculate the monthly fixed portion and the variable cost per machine hour.

3. Assume the present cost behavior patterns continue into the future months. Estimate the total amount of manufacturing overhead the company can expect in September if 56,000 machine hours are worked.

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