The following information applies to the questions displayed below) The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four- month period. April May Machine Mfg. Hours Overhead 94,000 $188,000 50,000 $171,000 117,000 $325,100 113,000 $199,000 June July Using the high-low method, compute the variable element of manufacturing overhead cost per machine hour. Required information The following information applies to the questions displayed below) The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four- month period. April May June July Machine Mfg. Hours Overhead 94,000 $108,000 50,000 $171,000 117,000 $325,100 113,000 $199,000 Using the high-low method, compute the fixed element of Olsen's monthly overhead cost. The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four- month period. April May June July Machine Mfg. Hours Overhead 94,000 $188,000 50,000 $171,000 117,000 $325, 100 113,000 $199,000 Olsen's projected August operations will require approximately 200,000 machine hours. Using the high-low method, compute total manufacturing overhead estimated for August