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Week
Machine Hours
Overhead Cost
1
68
$ 1,190
2
62
$ 1,004
3
72
$ 918
4
46
$ 710
5
94
$ 1,025
6
48
$ 965
ANSWER THE TWO QUESTIONS BELOW USING THE TABLE. SHOW CALCULATIONS
1.Using the high-low method, calculate the variable cost component of Raddler Inc's overhead costs (round to the nearest two decimal places).
2.Calculate the approximate fixed cost component of Raddler Inc's overhead costs using the high-low method.
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