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. Month Labor-Hours Machine-Hours 1 725 1,362 2 720 1,411 3 680 1,526 4 740 1,460 5 790 1,589 6 760 1,583 7 730 1,398 8 725 1,304 9 700 1,462 10 795 1,544 11 670 1, 296 12 720 1,608 Overhead Costa $ 102,689 103,794 109,906 108,229 116,258 114,544 106,967 102,010 106,315 113,060 96,820 108,520 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 tabs below. Required A Required B (Prey 1 of 2 !!! Next > B 9 10 11 12 730 725 700 795 670 720 1,398 1,304 1,462 1,544 1,296 1,608 106,967 102,010 106,315 113,060 96,820 108,520 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 tabs below. Required A Required B 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.) Variable cost (per machine hour) Fixed cost Required A Required B > nment Saved 7 B 9 10 11 12 730 725 700 795 670 720 1,398 1,304 1,462 1,544 1, 296 1,608 106,967 102,010 106,315 113,060 96,820 108,520 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 tabs below. Required A Required 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? Overhead costs