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Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand...

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Accounting

Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relation between activity and overhead costs. Discussions with the plant supervisor suggest that overhead seems to vary with labor-hours, machine-hours, or both. The following data were collected from last year's operations.

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CoursHeroTranscribedText: Month Labor -Hours Machine- Hours Overhead Costs 736 1, 355 $ 102, 792 720 1,409 103 , 773 675 1 , 515 109, 815 745 1,446 108, 352 790 1, 595 116, 256 755 1,586 114,498 736 1,389 107, 098 720 1, 364 102, 113 720 1, 458 106,465 796 1, 542 113, 176 11 676 1, 285 95,056 12 705 1, 614 110,639Required A Required E. Use the highlow method to estimate the xed and variable portions of overhead costs based on machinehours. (Round "Variable cost" answer to 2 decimal places.) Variable cost [per machine hour) FlHEd CEISt Required A Required B Managers expect the plant to operate at a monthly average of 1,500 machine-hours next year. What are the estimated monthly overhead costs, assuming no inflation? Overhead costs

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