The Baxter Wood Products manufactures small tables. The overhead incurred in manufacturing the tables has both a fixed component and a variable component. The company’s management wishes to explain variable overhead as a percentage of direct labor costs. Management has obtained the following cost data pertaining to the production of the small tables:Units ProducedDirect Labor CostsOverhead Costs300$3,200$2,400400$5,000$2,6001,000$8,000$5,000600$5,400$2,800100$2,400$2,200