Nova Company's total overhead cost at various levels of activity are presented below: Month April May June July Machine- Hours 48,000 38,000 58,000 68,000 Total Overhead Cost $ 199,120 $ 171, 720 $ 226,520 $ 253,920 Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 38,000 machine-hour level of activity is: Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) Total overhead cost $ 57,000 54,000 60,720 $171, 720 Nova Company's management wants to break down the maintenance cost into its variable and fixed cost elements. Required: much of ho rawatos, It may be neue JUT DENTOVIORUT Variable anta cu ities the high lowmated estimate a cost form 3. Express the company's total overhead cost in the form Y = a + bx. 4. What total overhead cost would you expect to be incurred at an activity level of 43,000 machine-hours