Exercise 5-36 (Algo) Methods of Estimating Costs: High-Low (LO 5-4) Adriana Corporation manufactures football equipment in 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. Month 2 3 Labor Hours 715 725 675 745 785 750 740 725 710 790 Machine Hours 1,355 1,43 1,516 1,455 1.582 1,574 1,384 1,308 1,459 1,542 1,285 1,60 Overhead costs 5 102,794 183, 817 199,956 108, 303 116,225 114,427 106,994 192, 123 106,446 113,00 101,43 114.163 665 Required: e. Use the high-low method to estimate the fixed and Vartable portions of overhead costs based on machine hours b. Managers expect the plant to operate at a monthly average of 1.500 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. -29,5 34.5-36 6 Saved 2 B 9 10 11 12 740 725 710 79e 665 7ee 1,384 1,308 1,459 1,542 1,288 1,608 106,994 102,123 106, 446 113, 001 101,043 114,163 Required: a. Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine-hours. b. Managers expect the plant to operate at a monthly average of 1.500 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. Required A Required B Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine hours. (Round Variable cost" answer to 2 decimal places variable per machine hout) . Regu 1529,534,5 36 10 11 12 F4 710 790 665 700 13 1,459 1,542 1,288 1,608 102,12 106,446 113,001 101,043 114, 163 Required: a. Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine hours b. Managers expect the plant to operate at a monthly average of 1.500 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. Required A Required B Managers expect the plant to operate at a monthly average of 1.500 machine-hours next year. What are the estimated monthly overhead costs, assuming no inflation? Overhead cost Required A