You are required to apply your knowledge to estimate the cost function for the overhead costs. The data relating to the

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You are required to apply your knowledge to estimate the costfunction for the overhead costs. The data relating to the past fivemonths for the cost drivers you select are provided below.
Month
Machine hours
Order processing hours
Overhead costs
1
12,500
4,800
880,000
2
8,250
4,440
640,000
3
10,250
4,560
720,000
4
9,500
4,680
680,000
5
11,250
4,440
800,000
What is the cost function if the number of machinehours is the only cost driver ofoverhead costs?
Overhead = 0.0166 * machine hours - 2,036.6
Overhead = 313.73 * machine hours - 694,118
Overhead = 0.0008 * machine hours + 3,968.3
Overhead = -12,000 * machine hours + 780,000
Overhead = 58.44 * machine hours + 139,149
Using the cost function indicated by Question 4, predictoverhead cost if machine hours are 200,000 for the whole year.