Week Machine Hours Overhead Cost 1 119 $3,153.50 2 164.5 $2,716.25 3 126 $2,432.70 4 80.5 $1,881.50 5 108.5 $2,660.60 6 84 $2,557.25 Using the high-low method, calculate the variable cost component of these overhead costs (round to the nearest two decimal places). A. $1.98/hr. B. $9.94/hr. C. $33.04/hr. D. $ 12.11/hr. E. $ 6.56/hr. 7. Calculate the approximate fixed cost component of Tanners overhead costs using the high- low method. A. $ 834.96 B. $ 834.75 C. $ 551.20 D. $1,081.33 E. $ 1,272.33 8. If Tanner expects to have 65 hours of machine time in a future week, what overhead costs could they expect to incur? A. $ 1,727.48 B. $ 1,880.70 C. $ 2,002.90 D. $ 2,004.98 E. $ 2,031.91 9. The sales level at which a company neither earns a profit nor incurs a loss is the: A. Relevant range. B. Margin of safety. C. Step-wise variable level. D. Break-even point. E. Contribution margin