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

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CoursHeroTranscribedText: 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 laborhours, machine-hours, or both. The following data were collected from last year's operations. Month LaborHours MachineHours Overhead Costs 1 730 1. 350 $ 102,701 2 715 1,433 103,710 3 675 1. 521 109. 985 4 740 1, 455 108, 321 5 790 1. 599 116,262 6 760 1, 578 114.535 7 74a 1. 393 107. 039 s 725 1,318 102,049 9 715 1, 452 106, 329 1a 805 1, 551 113.153 11 665 1, 298 102. 527 12 710 1, 634 115,226 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 monthly average of 1,600 machinehours next year. What are the estimated monthly overhead costs, assuming no inflation

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