Check my work Problem 5A-8 (Algo) High-Low Method; Predicting Cost [LO5-10) Nove Company's total overhead cont at various levels of activity are presented below. April May Jos Total Ow Core 45,000 199,00 3. 1,410 59,000 210,60 9.00 14.790 Assume that the total overeed cost above consists of es, supervisory salaries, and maintenance. The breakdown of these costs of the 39,000 machine hour level of activity Varie 5. 49, $116.00 Nova Company's management wants to break down the maintenance cost into its variable and fed cost elements Nova Company's management wants to break down the maintenance cost into its variable and foed cost elements. Required: 1. Estimate how much of the $244.790 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $244.790 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 Y = a +bX. 3. Express the company's total overhead cost in the form Yox 4. What total overhead cost would you expect to be incurred at an activity level of 44.000 machine-hours? Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Required 4 Express the company's total overhead cost in the form Y = + bx. (Do not round your intermediate calculations. Round the "Variable cost per unit to 2 decimal places.) Variable Cost per Machine Fixed Cost Uutis cost Supervisory sales cost Maintenance cost 0.00 Total overhead cost $ 0.00 $ O Hour Saved mework 4. What total overhead cost would you expect to be incuned at an activity level of 44.000 machine hours? Complete this question by entering your answers in the tabs below. Required Reqared2 Required Bedred 4 Express the company's total overhead cost in the form Y-OX. (Do not round your intermediate calculations. Round the Variable cost per un to 2 decimal places) Variable Cout per Machine How Fleed Cost Us Superst Maintenance T.CO 0.00 0.00 $ $ o