(Answered) Question - the thomas companys total overhead costs at

Accounting

Question - The Thomas Company's total overhead costs at various levels of activity are presented below:

Month	Direct Labor Hours	Total Overhead
July	7,500	$272,000
August	6,000	234,000
September	9,000	319,000
October	10,500	340,500

Assume that the overhead costs above consist of Utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 9,000 direct labor hour level of activity is as follows:

Utilities (V)	$137,700
Supervisory Salaries (F)	80,000
Maintenance (M)	101,300
	319,000

Required -

(a) Using the high-low method, determine the cost formula for maintenance.

(b) Express the company total overhead costs in linear equation form.

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