The manager of the main laboratory facility at MetroHealth Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year. (Click the icon to view the data.) Use the high-low method to determine the laboratory's cost equation for total laboratory overhead. Use your results to predict total laboratory overhead if 2,900 lab tests are performed next month. Let's begin by determining the formula that is used to calculate the variable cost (slope). Data table Variable cost (slope) Number of Lab Month Tests Performed Total Laboratory Overhead Costs January..... 3,300 $29,000 February. 3,100 $28,500 March 3,900 $30,000 April..... 3,850 $31,000 May 4,100 $26,500 June....... 2,100 $19,100 July 2,300 $15,900 Print Done