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The following information is available regarding the total manufacturing overhead of Olaf Company for a...

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Accounting

The following information is available regarding the total manufacturing overhead of Olaf Company for a recent four-month period.

Machine Hours Mfg. Overhead
April 70,000 $ 176,000
May 50,000 $ 159,000
June 105,000 $ 219,500
July 101,000 $ 187,000

Using the high-low method, compute the variable element of manufacturing overhead cost per machine hour.

  • $2.27 per machine hour

  • $1.10 per machine hour

  • $.35 per machine hour

  • $1.24 per machine hour

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