Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct Labor Hours Manufacturing Overhead January 45,000 $295,000 February 65,000 $309,000 March 57,000 $323,000 April 58,000 $320,000 May 25,000 $181,000 June 29,000 $162,500 Required: 1. Use the high-low method to estimate the cost formula (6 marks) 2. Estimate the total overhead cost at an activity level of 40,000 machine hours, using the separate estimates you obtained for its components. (4 marks)