Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct Labor Hours Manufacturing Overhead January 145,000 $295,000 February 65,000 |$309,000 March $7,000 S323,000 April 58,000 $320,000 May $181.000 25,000 29,000 June $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. marks)