#2 Achilles Inc. recorded the following data for operations during six months of the fiscal year: Overhead Cost Labour hours January February $1,203,200 17,340 1,130,000 12,480 March 1,178,000 13,780 April 1,270,000 19,480 May 1,186,500 14,600 June 1,248,000 18,020 Required (A) Using the high-low method, compute the variable rate for overhead per labour hour. (B) Using the high-low method, compute the fixed cost. (C) What is the cost formula? (D) Using the cost formula from (C), estimate the overhead cost for 21,400 labour hours. (E) What are some of the advantages and disadvantages of using the high-low method? Please discuss. What alternatives do managers have to mitigate disadvantages of the high-low method? How do those methods mitigate these disadvantages