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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

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 May June July Machine Mfg. Hours Overhead 66,000 $174,000 50,000 $157,000 103,000 $204,700 99,000 $185,000 Using the high-low method, compute the fixed element of Olaf's monthly overhead cost

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