Cool Box Incorporated needs to prepare pro forma financial statements for the next fiscal year. To do so, the company must forecast its total overhead cost. The actual machine hours and total overhead cost are presented below for the past six months. Month January February March April May June Total Overhead $ 8,380 8,130 8,510 8,960 9,130 7,930 Machine Hours 2,160 2,080 2,310 2,780 2,870 2,070 Using the high-low method, total monthly fixed overhead cost is calculated to be:

Cool Box incorporated needs to prepore pro forma financial statements for the next fiscal yeat. To do so, the company must forecost its tota overherd cost. The actual machine hours and total overhead cost ore presented below for the past six months. Using the high-low method, total monthly, fined ovethead cost is calculated to be