The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month period. April May June July Machine Hours 96,000 50,000 118,000 114,000 Manufacturing Overhead $ 189,000 $ 172,000 $ 335,200 $ 200,000 Using the high-low method, compute the fixed element of Olsen's monthly overhead cost.

The following information is avaliable regarding the total manufacturing overhead of Olsen Company for a recent four-month period. Using the high-low method, compute the fixed element of Orsen's monthly overthead cost