Fiske Corporation manufactures a popular regional brand of kitchen utensils. The design and variety have been fairly constant over the last three years. The managers at Fiske are planning for some changes in the product line next year, but first they want to understand better the relation between activity and factory costs as experienced with the current products. Discussions with the plant supervisor suggest that overthead seems to vary with labor-hours, mochine-hours, or both, The following data were collected from the last three years of operations: Pequired: a. Use the hightow method to estimate the fixed and variable portions of factory coss based on machine-hours. b. Maregers expect the plant to operate at 29,500 machine-hours next quarter. Assuming the relationship remains the same with the new product line, what are the estimated quarterty factory costs? Complete this question by entering your answers in the tabs below. a. Use the high-low method to estimate the fixed and variable portions of factory costs based on machine-hours. b. Managers expect the plant to operate ot 29,500 machine-hours next quarter. Assuming the relationship remains the same with new product line, what are the estimated quarterly factory costs? Complete this question by entering your answers in the tajs below. Use the high-low method to estimate the foxed and variable portions of factory costs based on machine-hours. Note: Round "Variable cost" answer to 2 decimal places, If you get a slightly different result for fixed cost between high and low calculations due to the rounding, go with the larger number. a. Use the high-low method to estimate the fixed and variable portions of factory costs bosed on machine-hours. b. Managers expect the plant to operate at 29,500 machine hours next quarter. Assuming the relationship remains the same with the new product line, whot are the estimated quarterly factory costs? Complete this question by entering your answers in the tabs below. Managers expect the plant to operate at 29,500 machine-hours next quarter. Assuming the relationship remains the same with the new product line, what are the estimated quarterly foctory costs? Note: kound "Variable cost" to 2 decimal places