The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Manufacturing Overhead Hours January 5,300 $ 310,000 February March April 3,200 224,000 4,900 3,000 263,800 190,000 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cost" to 2 decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturing overhead cost" to 2 decimal places.) Answer is complete but not entirely correct. a- Manufacturing overhead cost 1. 310,000.00 per machine hour a- Fixed element of monthly overhead cost $ 288,237 2. b. Estimated manufacturing overhead cost $ 288,237 X C. February March Under estimated Over estimated Amount $ 18,272 x 18,272 x