ChSHW 2 Exercise 5-36 (Algo) Methods of Estimating Costs: High-Low (LO 5-4) Adriana Corporation manufactures football equipment 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 25 Rent Labours Machine-Hours Overhead C 738 1,34 $182.657 2 720 675 109,957 A 740 1,444 5 785 1.500 118,228 350 114,539 7 1,37 5,99 730 3 715 1,452 106,482 795 1,552 33 675 1,206 32 1,614 112,995 Required a. Use the high-low method to estimate the fed and variable portions of overhead costs based on machine-hours b. Managers expect the plant to operate at a monthly average of 1500 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. Use the high-low method to estimate the fixed and variable portions of avemead costs based on machine-hours ( "variable cast answer to 2 decimal places) 24 Next >>