1 1 The following information is available regarding the total manufacturing overhead of Bursa Mfg.Co. for a recent four-month period. 10 points January February March April Machine- Bours 5,700 3,200 4.900 2,600 Manufacturing Overhead $ 300,000 224.000 263,800 190.000 Doc Print 2-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. C. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over or underestimated these costs? Manufacturing overhead cost por machine hour 1 Fixed element of monthly overhead cost 2 6 Estimated manufacturing overhead cost Amount 0 February March Mc Graw HINI Prey 1 of 4 Next >