Question - X Company's accountant has collected the following cost and activity information from the past two months to help her develop a cost function that she could use to predict costs in July. Production in July is expected to be 10,600 units:

Month Overhead Cost Units Produced

May $27,100       7,500        

June $31,280       9,400        

Assume the accountant used account analysis and data from May to develop the cost function. She collected the following additional May information: cost of supplies was $10,960, all variable, cost of utilities was $5,300, 80% variable, and cost of rent was $10,840, all fixed. Using the resulting cost function, what would be the estimate of total overhead costs in July?