Entry Rules: Round your answers to the nearest PENNY (2 decimal places). Use your rounded answer in ALL subsequent calculations. Examples: If your answer is $24,500.4746, enter 24500.47 If your answer is $24,500.4753, enter 24500.48 If your answer is $24,500.0012, enter 24500.00 Never enter $ or, when inputting numerical answers QUESTION: Winslow Inc., a manufacturing firm, manufactures tires. The company has supplied information from its accounting records for the last year. Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec No. of Tires 500,000 600,000 675,000 575,000 475,000 525,000 450,000 550,000 425,000 562,500 650,000 537,500 Factory Overhead $900,000 $1,080,000 $1,250,000 $950,000 $900,000 $935,000 $790,000 $1,075,000 $830,700 $1,015,000 $1,295,000 $915,000 Part 1: Using the high low method, what is the variable factory overhead per tire? A What is the fixed cost for factory overhead? A If the company manufactures 625,000 tires, what will its total overhead costs be? A/ Part 2: If the company increases their production of tires by 30% in any given month, would the factory overhead cost per tire increase, decrease, or stay the same? Enter the number 1 if it would increase. Enter the number 2 if it would decrease. Enter the number 3 if it would stay the same. A/