CH 5 Assignment Saved Exercise 5-36 (Algo) Methods of Estimating Costs: High-Low (LO 5-4) 10 points 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 eBook 1 Print 2 3 4 5 6 7 8 9 10 11 12 Labor-Hours 735 720 675 735 780 765 745 715 710 785 680 715 Machine-Hours 1,354 1,415 1,526 1,458 1,595 1,574 1,382 1,314 1,452 1,542 1,294 1,618 Overhead Costs $ 102,679 103,868 109,951 108,250 116,157 114,561 107,817 102,128 106,439 113,181 96,960 109, 110 References 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 >