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Question No. 2 The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent five-month period: August September October

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Question No. 2 The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent five-month period: August September October November December Output (units) 11,500 12.000 12,500 13,000 14,000 Total cost (5) 102.476 104,730 106,263 108,021 113,201 a. Use the high-low method to determine: 1. The variable element of manufacturing overhead costs. 2. The fixed element of monthly overhead cost. b. Also give the regression line by using the amounts you have found out. P.S add last three digits of your enrollments number in output quantity of every month before attempting the

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