1. Identify the independent variable and the dependent variable.
2. Prepare a cost formula for monthly overhead cost of the C-plant by using the high-low method. What is the estimated overhead cost for next month if next month if the company expected to spend 980 direct labor hours on the C-plant.
3. Prepare a cost formula for monthly overhead cost of the C-plant by Using regression analysis method. What is the estimated overhead cost for next month if the company expected to spend 980 direct labor hours on the C-plant. (Please do attach the printout of your analysis)