Adriana Corporation manufactures football equipment. Multiple regression results from the data of Adriana Corporation are as follows:

Equation:
Overhead = $24,742 + ($31.60 Labor-hours) + ($41.90 Machine-hours)
Statistical data
Correlation coefficient	.953
R2	.908

Required:

Estimate overhead using the multiple regression results, assuming that the company expects the plant to operate at a monthly average of 9,200 machine-hours and 3,150 labor-hours next year.

Overhead Cost: