Ise the information below to answer the following two questions: Melville Inc. is a manufacturing company whose total manufacturing overhead (MOH) costs fluctuate somewhat from month to month according to the number of machine-hours worked in its production facility. These costs for the last four months are given below. The manufacturing overhead costs above consist of rent, indirect materials, and utilities. The company has analyzed these costs at the 5,000 machine-hours level of activity as follows: 5 Melville expects that it will work for 6,000 machine-hours in February. Using the high-low method, how much is the estimated utilities cost in February? (Round to the nearest dollars.) A. $28,000 B. $27,400 C. $10,600 D. $10,500 E. None of the above 6 Suppose Melville uses the least-squares regression method by Microsoft Excel and finds that the relation between total manufacturing overhead costs and machine-hours can be expressed as the following equation: Y=$38,775+$3.29X where Y is the total manufacturing overhead costs and X is the machine-hours used. Which of the following statements is false? A. The least-squares regression method results in estimated fixed manufacturing overhead costs that are higher than the amount derived using the high-low method. B. The least-squares regression method results in estimated variable manufacturing overhead costs per unit that are higher than the amount derived using the high-low method. C. The least-squares regression method uses all of the data to separate total manufacturing overhead costs into fixed and variable components. D. Using the least-squares regression method, variable manufacturing overhead costs are estimated to be $3.29 per machinehours. E. All of the statements are true