Nova Company's total overhead cost at various levels of activity are presented below uachine- Month April Hours Total Overhead Cost $ 192,248 $ 165,340 $ 219,140 $ 246,840 May June Duly 56, 66,898 Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 36.000 machine-hour level of activity is: Utilities (variable) Supervisory salaries (fixed) Maintenance (fixed) Total overhead cost $ 54,Bac 49, eee 0234 $165, 4e 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 $246,040 of overhead cost in July was maintenance cost. (Hint to do this, it may be helpful to first determine how much of the $246,040 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed COSTS. 2. Using the high-low method. estimate a cost formula for maintenance in the formy - OX 3. Express the company's total overhead cost in the form YR & TOX 4. What total overhead cost would you expect to be incurred at an actiy ty level of 41.000 machine-hours? Complete this question by entering your answers in the tabs below. Required Recuired 2 Required 3 Recuired 4 Estimate how much of the $245,040 of overhead Com July was maintenan t . Hint to do this. It may be cetermine how much of the 5246,040 conated of unities and supervisory start think about the behavior of variate and fixed costs) Do not round intermediate calculational) Prex