January February March Machines Hours 5,000 3,200 4,900 2,700 Manufacturing Overhead $ 300,000 224,000 263,800 190,000 April 0-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour (Round your answer to 2 decimal places.) 0-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cost" to 2 decimal places.) b. Bursa expects machine-hours in May to equal 5,300 Use the cost relationships determined in part a to forecast May's 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 expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturing overhead cost" to 2 decimal places.) per machine hour a-1 Manufacturing overhead cost a-2 Fixed element of monthly overhead cost Estimated manufacturing overhead cost Amount February March