Crosshill Company's total overhead costs at various levels of activity are presented below: Month April May June July Machine-Hours 63,000 53,000 73,000 83,000 Total Overhead Cost $ 141,000 $ 156,000 $ 322,000 $ 194,000 Assume that the overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 53,000-machine-hour level of activity in May is as follows: Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) Total overhead cost $ 27,000 21,000 108,000 $156,000 The company wants to break down the maintenance cost into its variable and fixed cost elements. Required: 1. Estimate how much of the $194,000 of overhead cost in July was maintenance cost. (Hint: To do this, first determine how much of the $194,000 consisted of utilities and supervisory salaries. Think about the behaviour of variable and fixed costs within the relevant range.) (Round the "Variable cost per unit" to 2 decimal places.) Maintenance cost in July 2. Using the high-low method, estimate a cost formula for maintenance. (Round the "Variable cost per unit" to 2 decimal places.) Machine- Hours Maintenance Cost High activity level Low activity level Change ols 0 Variable cost element per MH Fixed cost element Y= 3. Express the company's total overhead cost in the form Y = a + bX. (Round the "Variable cost per unit" to 2 decimal places.) Variable Cost per Machine-Hour Fixed Cost Utilities cost Supervisory salaries cost Maintenance cost Total overhead cost $ 0.00 $ 3. Express the company's total overhead cost in the form Y = a + bx. (Round the "Variable cost per unit" to 2 decimal places.) Variable Cost per Machine-Hour Fixed Cost Utilities cost Supervisory salaries cost Maintenance cost Total overhead cost $ 0.00 $ 0 Y = + 4. What total overhead cost would you expect to be incurred at an activity level of 68,000 machine-hours? (Round the "Variable cost per unit" to 2 decimal places.) Total overhead cost