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. 675 Month Labor-Hours Machine-lours 1 725 1,346 2 715 1.419 3 1.529 4 735 1,455 5 770 1,583 G 750 1,575 7 735 1,391 1.310 9 705 1.449 10 790 1,544 11 680 12 1,200 705 1,620 Overhead Conta $ 102,722 103,841 109,835 108,226 116, 117 114,467 106,932 102,269 106,313 113,093 99,742 112,690 730 ces 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 1,500 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 Use the high-low method to estimate the foxed 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 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, 00 Month Labor-Hours Machine Hours 1 725 1,346 2 715 1,419 3 675 1,529 4 735 1,455 5 720 1.583 6 750 1.575 735 1,391 8 730 2,310 9 705 1,449 790 1.544 11 680 1.288 12 705 1.620 Overhead Conta $ 102,222 103,841 109,835 108,226 116, 117 114,467 106,932 102,169 106,313 113,093 99,742 112,690 OK 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 1.500 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 Managers expect the plant to operate at a monthly average of 1,500 machine-hours next year. What are the estimated monthly overhead costs, assuming no infation? Overhead costa