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

Overhead Cost = $192,000 + ($52 x Direct Labor Hours)

1. Select the term in the right column that corresponds to the term in the left column.

Overhead Cost = $192,000 + ($52 x Direct Labor Hours)

Overhead cost Dependent variable

$192,000 Fixed cost (intercept)

$52 Variable rate (Slope)

Direct Labor hours Independent variable

2. If next month's budgeted direct labor hours equal 14,500, what is the budgeted overhead cost? $946,00

3. If next quarter's budgeted direct labor hours equal 72,500, what is the budgeted overhead cost? $_________________

4. If next year's budgeted direct labor hours equal 362,500, what is the budgeted overhead cost? $_________________