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X Company's accountant uses account analysis to estimate costs for each month, with machine hours as...

X Company's accountant uses account analysis to estimate costs for each month, with machine hours as the independent variable. In July, she did the following cost behavior analysis for three specific cost items:

Cost Item Total Cost Variable Cost
Insurance $327,500 $0
Indirect labor 289,201 193,072
Utilities 269,984 269,984

In July, machine hours were 8,800. If machine hours in November are expected to be 9,300, what are expected total costs for these three cost items in November?

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Answer #1

*Expected total costs for these three cost items in november= $912,995.

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