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Overhead No. of Month Cost Labor Hours April $60,160 867 May 56,500 624 June 58,900 689 July 63,500 974 August 59,325 730 September 62.400 901 Required: A Using the high-low method, construct a cost formula for the total overhead cost. The CEO would like to limit total overhead cost in future months to 20% of total revenues. Will that be possible if total revenues are expected to average $300.000 per month and total labor hours per month are expected to average 780? Show all of your calculations. Compute the total cost of overhead assuming 925 labor hours are incurred in a given C. month. B