Do-Over Incorporated recently obtained a short-term bank loan from City National Bank. The bank required that certain credit Information and pro forma financial statements be maintained through the life of the loan. In order to prepare the pro forma statements, Do-Over must forecast total overhead cost. The actual machine hours and overhead cost are presented below for the past six months. Month January Overhead Cost Machine Hours $ 3,410 1,319 February 3,724 1,454 March 3,356 1,240 April 3,810 1,310 May June 3,840 1,305 3,926 1,525 Using the high-low method, total monthly fixed overhead cost is calculated to be