XYZ Company uses the formula y = a +bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 453 $2,579 478 $3,073 397 $2,432 490 $2,820 509 $2,800 418 $2,627 au AWN Determine the fixed and variable values, using machine hours. (Round variable cost to 2 decimal places, e.g. 15.25 and fixed cost to O decimal places, e.g. 525). Fixed Cost $ 707 Variable Costs 7.91 per mac e Textbook and Media Assistance Used If it is expected that the company will incur 1,046 machine hours in the coming month, predict that month's overhead costs. (Round answer to o decimal places, e.g. 525). Month's overhead costs 8981 e Textbook and Media Assistance Used For April of the coming year, XYZ expects 3,158 direct labour hours and 732 machine hours. Predict overhead costs using (1) direct labour hours. (Round answer to O decimal place, e.g. 1,525.) Overhead cost $ (2) machine hours. (Round answer to 0 decimal place, e.g. 1,525.) Overhead cost s e Textbook and Media Assistance Used place, e.g. 1,525.) Overhead cost $ e Textbook and Media Assistance Used If April's actual fixed overhead costs are $1,129 and actual variable overhead costs are $2,422, which activity base appears better? Better activity base e Textbook and Media