Please use the same formula given in the question

Treetop Company recorded the following information concerning its Manufacturing Overhead costs and machine hours. The president has asked you to determine the relationship between the two so that future costs can be predicted based on the cost equation. Required: a. Using the high-low method determine the fixed costs and the variable rate by using the formula Total Costs = Fixed Costs + (variable rate x units) or Y=a+bX Answer Variable Rate: Fixed Costs b. Management is predicting that in January 2016, the machine hours will be 550 hours. Based on your work above, the total Manufacturing Overhead costs for January 2016 (total of Fixed + Variable for January 2016) will Month January February March April May June Number of Machine Hours 341 316 318 496 485 442 Manufacturing Overhead Costs $524,908 472,640 479,280 698,340 528,250 654,660 July 351 August September October November December 480 330 497 428 400 541,970 678,900 468,540 673,731 626,780 540,500