4 Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relation between activity and overhead costs. Discussions with the plant supervisor suggest that overhead seems to vary with labor-hours, machine-hours, or both. The following data were collected from last year's operations. 2 points Month Labor-Hours Machine-Hours Overhead Costs Skipped 1 725 1,365 $ 102,776 2 710 1,409 103,710 3 675 1,518 109,961 4 750 1,455 108,361 eBook 5 775 1,585 116,115 6 765 1,585 114,562 Print 7 745 1,386 106,962 8 720 1,308 102,147 References 9 710 1,449 106,426 10 795 1,552 113,026 11 670 1,294 12 715 1,616 102,091 115,454 Required: a. Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine-hours. b. Managers expect the plant to operate at a monthly average of 1,700 machine-hours next year. What are the estimated monthly overhead costs, assuming no inflation? Complete this question by entering your answers in the tahs below. Check my work 2 4 points Skipped a. Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine-hours. b. Managers expect the plant to operate at a monthly average of 1,700 machine-hours next year. What are the estimated monthly overhead costs, assuming no inflation? Complete this question by entering your answers in the tabs below. Required A Required B eBook Print Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine-hours. (Round "Variable cost" answer to 2 decimal places.) References Variable cost (per machine hour) Fixed cost < Required A Required B > Check my work