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The following information is available regarding the total manufacturing overhead costs of Paymore, Inc., for five months in 2012: (a) Using the high-low method, compute the following: (1) The variable element of overhead cost per machine-hour: $ _________ per machine-hour (2) The fixed element of monthly overhead cost: $ ___________ (b) Use the cost relationship determined in part a to estimate the total manufacturing overhead costs for July 2012, given that 7, 250 machine-hours are scheduled. $ _____________