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 1 2 3 4 5 6 7 8 9 19 11 12 Labor-Hours Machine-Hours 720 1,363 720 1.410 685 1.529 740 1.454 785 1,586 750 1.578 745 1,389 715 1,315 710 1.446 785 1,545 680 1.294 715 1,606 Overhead Costs $ 102,636 183,788 1e9,921 108,347 116,190 114,548 107,880 102,681 186,414 113.174 102,576 115,524 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 1.600 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 > 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 1 2 3 4 5 6 7 8 9 10 11 12 Labor-Hours Machine-Hours 720 1.363 720 1.410 685 1,529 740 1,454 785 1,586 750 1,578 745 1.399 715 1,315 710 785 1.545 680 1.294 715 1,606 Overhead Costs $ 102,636 103,7es 1e9,921 108,347 116,190 114,548 107,880 102,681 1e6,414 113, 174 102,576 115,524 1,446 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 1,600 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 1,600 machine-hours next year. What are the estimated monthly overhead costs, assuming no inflation? Overhead costs