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CoursHeroTranscribedText: Adriana Corporation manufactures football equipment. In planning for next year, the managers wantto understand the relation between activity and overhead costs. Discussions with the plant supervisor suggest that overhead seems to vary with laborhours, machinehours, or both. The following data were collected from last year's operations. Month LaborHours MachineHours Overhead Costs 1 325 1,353 $ 132,335 2 323 1,431 133,331 3 335 1, 513 133, 323 4 353 1,453 133,333 5 333 1,533 113,133 3 355 1,532 114,533 3 333 1, 335 133,333 3 315 1, 335 132,332 3 315 1,443 133,335 13 333 1, 545 113,351 11 333 1, 234 33, 333 12 315 1, 323 111, 333 Required: 3. Use the highlow method to estimate the fixed and variable portions of overhead costs based on machine-hours. b. Managers expect the plant to operate at a monthlyr average of 1,600 machinehours next year. What are the estimated monthlyr overhead costs, assuming no inflation? Required A Required B Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine-hours. (Round "Variable cost" answer to 2 decimal places.) Variable cost (per machine hour) Fixed costRequired A Required B Managers expect the plant to operate at a monthly average of 1,600 machine-hours next year. What are the estimated monthly overhead costs, assuming no inflation? Overhead costs

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