Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost:

Overhead cost = $109,743 + ($80.75 X Direct labour hours)

Required:1. Link each term in column A to the corresponding term in column?B.

2. If next month's budgeted direct labour hours equal5,000, what is the budgeted overhead cost?3. If next quarter's budgeted direct labour hours equall8,000, what is the budgeted overhead cost?4. If next year's budgeted direct labour hours equal58,000, what is the budgeted overhead cost?

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Column A Column B Variable rate (slope) Independent variable Fixed cost (intercept) Dependent variable Overhead cost $109,743 $80.75 Direct labour hours