January February March April LE Hours 5,000 3,200 4,900 2,700 ridus de CO2 Overhead $ 300,000 224,000 263,880 190,000 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour answer to 2 decimal places.) 0-2. Use the hightow method to determine the fixed element of monthly overhead cost. (Round "Manufacturing ove decimal places.) b. Bursa expects machine hours in May to equal 5,300. Use the cost relationships determined in part a to forecast Ma manufacturing overhead costs (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead months of February and March By what amounts would Bursa have over or underestimated these costs? (Round "M overhead cost" to 2 decimal places.) Answer is not complete. a Manufacturing overhead cost 47.83 per machine hour 1 a- 2 S 60,850 Fixed element of monthly overhead cost Estimated manufacturing overhead cost b S 314 349 Amount 10,094 c Under estimated S February March Over estimated