Brighton Manufacturer makes lamps. Brighton Manufacturer has recently hired an inexperienced new cost accountant. The inexperienced accountant has prepared the following statement of Costs of Goods Manufactured for the month ended 31 December 20X2 : Brighton Manufacturer Statement of Cost of Goods Manufactured for the month ended 31 December, 20X2 As the above Statement was incorrect, you are tasked to prepare a revised statement. You have gathered the following information to prepare the revised statement: (ii) The company's chief executive officer is interested in accumulating some information on the research and development costs incurred by the company. You have been asked to analyze the following six months worth of data Required: a) Using the high low method, construct a cost formula for the total research and development cost. ( 3 marks) b) The CEO would like to limit total research cost in future months to 10% of total revenues. Will that be possible if total revenues are expected to average $900,000 per month and total labor hours per month are expected to average 780 ? Show all of your calculations. (4 Marks) c) Compute the total cost of overhead for the quarter assuming 2775 labor hours are incurred in a given quater. ( 3 marks)