Homework: Ch 6 HW Score: 0 of 1 pt X E6-51B (similar to) Save 2 of 6 (5 complete) Hw score: 52.32%, 3.14 of 6 pts Question Help a The manager of the main laboratory facility at CapitalFit Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year. (Click the icon to view the data) Use the high-low method to determine the laboratory's cost equation for total laboratory overhead. Use your results to predict total laboratory overhead if 2,800 lab tests are performed next month g pe Data Table Change in costChange in volumeVarlable cost eloe) Now determine the formula that is used to calculate the fxed cost component Number of Lab TestsTotal Laboratory Total operating costTotal variable costFixed cost Month Performed 3,300 3,100 3,900 3,850 4,100 2,100 2,300 Overhead Costs 29,000 28,500 $30,000 31,000 $26,500 $19,100 15,900 Jse the high-low method to delermine CapitalFits operasing cost equation. (Roundanuary February March Apri May June July ter any number in the edit fields and then click Check Answer part Print Done