Question 2 The following costs were incurred during the previous 12 months: Month Machine hours Overhead cost ($) January 6,100 90,000 February 5,300 87,000 March 4,900 76,200 April 4,800 78,100 May 5,050 80,700 June 3,050 61,000 July 3,070 60,500 August 7,100 99,000 September 6,200 95,600 October 4,700 74,800 November 5,900 89,000 December 6,000 91,000 Required: 1. Use the high-low method to estimate the company's utilities cost behaviour and express it in equation form. 2. Predict the overhead cost for a month in which 8,000 machine hours are used