Assignment 2 - October 20 version Saved Help Save & Exit Nova Company's total overhead costs at various levels of activity follow: 2. Month April May June July Machine - Hours 73,500 106,500 87,000 97,000 Total Overhead Costs $ 205,000 277,000 229,000 246,910 8 02.04.19 eBook Assume that the total overhead costs consist of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 67,000 machine-hour level of activity is as follows. Utilities (V) Supervisory salaries (F) Maintenance (M) Total overhead costs $ 48, 910 21, 700 134,390 $205,000 V = variable, F = fixed; M = mixed. Nova Company's management wants to break the maintenance cost down into its basic variable and fixed cost elements. Required: 1. As shown, overhead costs in May amounted to $277.000. Determine how much of this consisted of maintenance cost. (Hint To do this, it may be helpful to first determine how much of the $277.000 consisted of utilities and supervisory salaries. Think about the behaviour of variable and fixed costs! (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Mc Graw Acuvate Windows G Hill