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The Wonder Drug Company's total overhead costs at various levels of activity are presented below:...

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Accounting

The Wonder Drug Company's total overhead costs at various levels of activity are presented below:
month; direct labor hours; total overhead
september; 15,000; 472,000
october; 12,000; 409,400
november; 18,000; 542,000
december; 21,000; 604,700
Assume that the overhead costs above consist of indirect labor, scheduling salaries, and maintenance. The breakdown of these costs for the month of November is as follows:
Indirect labor (V)219,600
Maintenance (M)197,400
Scheduling Salaries (F)542,000
Total Overhead 542,000
Required:
(a.) Using the high-low method, determine the cost formula for maintenance.
(b.) Express the company's total overhead costs in linear equation form.
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