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Interpreting Cost Formula Wylie Enterprises' controller, Josh Senior, estimated the following formula, based on monthly data, for total overhead cost: Overhead costs = $167,500 + ($42.50 x Direct labor hours) Required 1) Link each term in Column A to the corresponding term in Column B Column B Overhead cost y-axis variable $167,500 Fixed cost intercept) $42.50 Variable rate (slope) Direct labor hours X-axis variable 2) If next month's budgeted direct labor hours equal 8,000, and are within the relevant range, what is the budgeted overhead cost? $ 507,500 Column A > 3) If next quarter's budgeted direct labor hours equal 26,000, and are within the relevant range, what is the budgeted overhead cost? $ 1,607,544 X 4) If next year's budgeted direct labor hours equal 101,250, and are within the relevant range, what is the budgeted overhead cost? $ 6,313,380 X Check