The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four$-$month period. Machine Hours Manufacturing Overhead April $60,000$ $ $171,000$ May $50,000$ $ $154,000$ June $100,000$ $ $199,000$ July $96,000$ $ $182,000$ Using the high$-$low method, compute the fixed element of Olsen's monthly overhead cost.