ABC Company's total overhead costs at various levels of activity are presented below:Machine HoursTotal Overhead costsAshes that he refer ot or cons of wis presen sai ad ancance.Utilities $($V$)$$$54,000$Supervisory Salaries $($F$)62,000$Tolerane dost$78,000$$$194\mathrm{.}000$V $=$ variable; F $=$ fixed; M$-$mixedThe company wants to break down the maintenance cost into its basic variable and fixed cost elements.Required:a$)$ Estimate the maintenance cost for June. $(4$ marks$)$b$)$ Use the high$-$low method to estimate the cost formula for maintenance cost. $(4$ marks$)$Sparina he tos overhead or it an apon level $55,00$ machine hours, using thed$)$ Show how you would estimate the total overhead cost at an activity level of $55,000$ machine hours, independent of the separate estimates you obtained for its components. $($that is$,$ act as if you do not have the information in the second table$).(3$ marks$)$