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I need question 1 answered correctly please Month April May June July Machine-Hours 63, eee 53, eee 73, eee 84, eee Cost $115, eee $138,
I need question 1 answered correctly please Month April May June July Machine-Hours 63, eee 53, eee 73, eee 84, eee Cost $115, eee $138, eee $326.000 $193, eee 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 $ 25,000 28,000 85,000 $138,000 The company wants to break down the maintenance cost into its variable and fixed cost elements. Required: 1. Estimate how much of the $193,000 of overhead cost in July was maintenance cost. (Hint: To do this, first determine how much of the $193,000 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.) S 11,623 Maintenance cost in July
I need question 1 answered correctly please
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