Jestion Completion Status: Treetop Company recorded the following information concerning its Manufacturing Overhead costs and machine hours. The president has asked you to determine the relationship between the two so that future costs can be predicted based on the cost equation Required: a. Using the high-low method, determine the fixed costs and the variable rate by using the formula Total Costs Fixed Costs + (variable rate x units) or Y=a+bX Answer Variable Rate Fixed Costs Management is predicting that in January 2016, the machine hours will be 550 hours. Based on your work above, the total Mufacturing Overhead costs for January 2016 (total of Fixed + Variable for January 2016) will be 6. Management is predicting that in January 2016, the machine hours will be 550 hours. Based on your work above, the total Manufacturing Overhead costs for January 2016 (total of Fixed + Variable for January 2016) will be Month January February March April May June July Number of Machine Hours Manufacturing Overhead Costs 341 S524,908 320 485,720 323 479,280 496 698,340 503 689.948 442 654,660 351 541970 480 678.900 324 490,862 497 673731 428 626.780 400 510, 500 August September Octobert November December