Crosshill Company's total overhead costs at various levels of activity are presented below: Month April May June July Machine-Hours 54,000 44,000 64,000 76,000 Total Overhead Cost $196,880 $167,000 $304,000 $213, eee Assume that the overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 44.000-machine-hour level of activity in May is as follows: Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) Total overhead cost $ 37,000 16,000 114,888 $167, eee The company wants to break down the maintenance cost into its variable and fixed cost elements. Required: 1. Estimate how much of the $213.000 of overhead cost in July was maintenance cost. (Hint: To do this, first determine how much of the $213,000 consisted of utilities and supervisory salaries. Think about the behaviour of variable and fixed costs within the relevant range.) (Round the "Verlable 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 per MH Variable cost element Fixed cost element 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 X 4. What total overhead cost would you expect to be incurred at an activity level of 59,000 machine-hours? (Round the "Verlable cost per unlt" to 2 decimal places.) Total overhead cost