Cost Estimation & CVP It is budget season and Eliot, Inc is planning for next year and requires a breakdown of the factory overhead cost into the fixed and variable elements. The following data on the OH cost and machine hours are available for the last six months of the year: Month OH Cost Machine Hours July $ 49,260 3,600 August $ 35,010 2,460 September $ 56,010 4,140 October November December $ Total $ ASSA $ 50,760 3,720 $ 44,310 3,204 39,510 2,820 274,860 19,944 Required 1. Assume that Eliot uses the high-low method of analysis, determine the variable OH cost per direct labor hour and monthly fixed cost Additional Sales & Cost information for Eliot's Sales Price $ 31.27 Machine Hours Per unit 0.50 Direct labor cost per unit $ 10.00 Direct Material cost per unit $ 6.50 2. How many units do they need to sell to breakeven 3. How many units do they need to sell to earn a pre-tax profit of $9,372 in one month 4. Create a contribution margin income statement for the pre-tax profit of $9,372