1. using leadt-square recession, estimate the fixed cost and variable cost elements of monthly overhead costs. Estimate the fixed cost element to the nearest dollar and the variable cost to the nearest cent.

FIXED COST = ?

VARIABLE COST = ? per machine hour.

2. if the company expects to use 4,000 machine-hours next month, estimate total overhead costs.

Total overhead costs = ?

I need step by step explanation plus answer thanks.

4 10 Doints Month January February March April May June July August September October November December Machine Hours 2, Sea 2,560 gaa 2,800 Sa 3,520 3,700 4,300 4,990 5,500 5,200 3,700 2.860 4,900 Overhead Costs $55,400 57,620 63,800 69,320 71,460 72,480 79,620 80,450 77,898 79,640 65,450 77,348 Skipped References Required: 1 Using least-squares regression, estimate the fixed cost and variable cost elements of monthly overhead costs. Estimate the fixed cost element to the nearest dollar and the variable cost element to the nearest cent. Fixed cost Variable cost per machine hour 2. If the company expects to use 4,000 machine-hours next month. estimate total overhead costs Total overhead costs