Nova Company's total .......:

Nova Company's total overhead cost at various levels of activity are presented below Month Machine-Hours Total Overhead Cost April May June 50,000 40,000 60,000 70,000 $221,100 $193,200 $249,000 $276,900 Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 40,000 machine-hour level of activity is Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) S 64,000 67,000 62,200 Total overhead cost $193,200 Nova Company's management wants to break down the maintenance cost into its variable and fixed cost elements. Required 1. Estimate how much of the $276,900 of overhead cost in July was maintenance cost. (Hint: To do this, it may be helpful to first determine how much of the $276,900 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs!) (Do not round intermediate calculations.) Answer is complete and correct. intenance cost in 97,900