(7) In the Fuselen Manufacturing Company, at an activity level of 80,000 machine hours, total overhead costs were $223,000. Of this amount, utilities were $48,000 (all variable) and depreciation was $60,000 (all fixed). The balance of the overhead cost consisted of maintenance cost (mixed). At 100,000 machine hours, maintenance costs were $130,000. Assume that all the activity levels mentioned in this problem are within the relevant range. The total fixed overhead cost is? A. $55,000. B. $60,000. C. $115,000. D. $130,000 (8) Nizmal Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last five months of operations. August September October November December Machine Hours Electrical Cost 1,000 $1,550 900 1,510 1,500 1,750 2,000 1,950 1,300 1,670 Using the high-low method of analysis, the estimated fixed cost per month for electricity is closest to? A. $870.00. B. $1,150.00 C. $1,290.00 D. $1,306.50