Please help me to solve this problem Required:a. Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine-hours.b. Managers expect the plant to operate at a monthly average of 1,500 machine-hours next year. What are the estimated monthlyoverhead costs, assuming no inflation?Complete this question by entering your answers in the tabs below.Required A Required BUse 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 ARequired:a. Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine-hours.b. Managers expect the plant to operate at a monthly average of 1,500 machine-hours next year. What are the estimated monthlyoverhead costs, assuming no inflation?Required B >Complete this question by entering your answers in the tabs below.Overhead costsRequired A Required BManagers expect the plant to operate at a monthly average of 1,500 machine-hours next year. What are the estimatedmonthly overhead costs, assuming no inflation?< Required ARequired B > Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relationbetween 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.Month Labor-Hours1234679101112735725670730785750730735710785675705Machine-Hours1,3511,4181,5151,4561,5871,5821,3801,3121,4511,5451,2041,610Overhead Costs$ 102,759103,790109,938108,327116,155114,400107,079102,103106,331113,00098,444111,303)Required:a. Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine-hours.b. Managers expect the plant to operate at a monthly average of 1,500 machine-hours next year. What are the estimated monthlyoverhead costs, assuming no inflation?

The mixed cost comprises of both fixed and variable costs. The fixed and variable costs can be…

Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the 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. Month Labor-Hours Machine-Hours Overhead Costa 1 735 2 10 11 725 670 730 795 750 730 735 710 785 675 705 1,351 1,410 1,515 1,456 1,587 1,502 1,380 1,312 1,451 1,545 1,204 1,618 $102,759 103,790 109,938 108,327 116,155 114,400 107,079 102,103 106,331 113,000 98,444 111,303