Determine the parameters of administrative cost functions

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Reference no: EM132088184

Question: X Company wants to estimate total costs (overhead and administrative) in March, when production is expected to be 1,350 units. It analyzed January costs to determine the parameters of the overhead and administrative cost functions. January production was 1,000 units and costs were as follows:

Total overhead costs $50,000

Total fixed overhead costs 23,000

Total administrative costs 38,000

Total variable administrative costs 10,640

What is X Company's estimate of total costs in March [round unit costs to the nearest cent]?

Reference no: EM132088184

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