9 2 Nove Company's total overhead cost at various levels of activity are presented below: Total Machine Overhead Hours Cost Apel 45,00 $ 169,050 May 35,000 $ 145,150 June 55,800 $ 192,950 65.ee 5 216,850 Assume that the total overhead cost above consists of utilities supervisory salaries, and maintenance The breakdown of these costs at the 35.000 machine bour level of activity is: P Utilities (variable) Supervisory Salaries (fixed) Maintenance (med) Total overhead cost $ 45,500 47,000 52.650 $155, 15e Now Company's management wants to break down the maintenance cost into its variable and fixed cost elements Required: 1 Estimate how much of the $216,850 of overhead cost in July was maintenance cost (Mine to do this, it may be helpful to first determine how much of the $216.850 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs) 2. Using the high-low method, estimate a cost formula for maintenance in the form Ya+bX 3 Express the company's total overhead cost in the form Y = a + bx 4 What total overhead cost would you expect to be incurred at an activity level or 40.000 machine hous? Complete this question by entering your answers in the tabs below. Required Required 1