Required information [The following information applies to the questions displayed below.) The following information is available regarding the total manufacturing overhead of Olaf Company for a recent four- month period. April Machine Mfg. Hours Overhead 66,000 $174,000 50,000 $157,000 103,000 $204,700 99,000 $185,000 May June July Olaf's projected August operations will require approximately 130,000 machine hours. Using the high-low method, compute total manufacturing overhead estimated for August