Miller Manufacturing makes small trailers. The companys controller has recorded total overhead costs for an eight month period. To help him understand how costs behave in the companys manufacturing process he wants to separate fixed from variable costs. Data for the past eight months are as follows:

Miller Manufacturing makes small trailers. The company's controller has recorded total overhead costs for an eight month period. To help him understand how costs behave in the company's manufacturing process he wants to separate fixed from variable costs. Data for the past eight months are as follows: Month Overhead Machine Cost Hours January $1.715 13,118 February $1,816 14,136 March $1.991 15,727 April $2,238 18,073 May $2,240 18,000 June $1,955 16,707 July $1,760 13,820 August $1,565 11,955 Required (round to 2 decimal places): 1. Using the high low method, calculate the fixed cost component of overhead and the variable rate per machine hour. 2 Estimate the expected cost for overhead in September assuming that 12,600 hours of machine hours are used in the month. 3. Give one specific example of a cost that might be included in the variable cost you calculated above. For the toolbarroc ALT F1 / Dar ALTENLE1 ( MA)