Crosshill Company's total overhead costs at various levels of activity are presented below. chine Total Month April May 19.000 39.000 59.000 69.000 $191, 360 164.560 $236.200 July Assume that the overhead cost above consists of utilities, supervisory salaties, and maintenance The breakdown of these costs at the 39,000-machine-hour level of activity in May is as follows: DELL) Super Scries te $ nes $2.500 43.000 59.06 16. The company wants to break down the maintenance cost into ts variable and feed cost elements Required: 1 Estimate how much of the 5246,660 of overhead cost in July was maintenance cost (Hit To do this first determine how much of the 5246.660 cod of times and supervisory salaries Think about the behaviour of variable and formed costs within the relevant range) (Do not round Intermediate calculations.) 2 Uing the high-ow method estimate a cost formula for maintenance (Do not round your intermediate calculations. Hound the "Variable cost per un to 2 decimal places) 6 000 3026 590 34.200 30 000 14.500 DOO Single-cell Mon Crosshill Company's total overhead costs at various levels of activity are presented below Total Ovechead Month April May June Machine Hot 49,000 39,000 59.000 69,000 $191,260 $164.460 5219, 260 $246, 660 Jaly Assume that the overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 39,000-machine hour level of activity in May is as follows: Ulities variable Supervisory salaries (fixed) Maintenance mixed) 62.400 43.000 59.000 es Total overhead coat The company wants to break down the maintenance cost into its variable and fixed cost elements. Required: 1. Estimate how much of the $246,660 of overhead cost in July was maintenance cost. (HintTo do this first determine how much of the $246 660 consisted of utilities and supervisory Salaries. Think about the behaviour of variable and fixed costs within the relevant range) (Do not round Intermediate calculations.) Maintenance cost in July $ 93,260 2. Using the high-low method. estimate a cost formula for maintenance. (Do not round your intermediate calculations. Round the "Variable cost per unit to 2 decimal places.) 93.260 High activity level Low ctyle Change 59,000 39.000 30.000 9050 14.200 Fixed cost element 114MH 14.500 2. Using the high-low method, estimate a cost formula for maintenance. (Do not round your intermediate calculations. Round the "Variable cost per unit" to 2 decimal places.) High activity level Low activity level Change Machine Maintenance Hours Cost 69,000 $ 93,260 39,000 59,060 30.000 $ 34 200 Variable cost element Fixed cost element $ 1.14 per MH 14.600 $14,600 5 1.14 3. Express the company's total overhead cost in the form Ya+bX (Do not round your intermediate calculations, Round the "Variable cost per unit to 2 decimal places.) Variable Cost per Fixed cost U cost Supervisory sales cout Mantenance cost To overhead con 5 0.005 4 What total overhead cost would you expect to be incurred at an activity level of 44.000 machine hours? (Do not round Intermediate calculations)