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Please complete and explain Nova Company's total overhead cost at various levels of activity are presented below: Month Machine-Hours Total Overhead Cost April May June

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Nova Company's total overhead cost at various levels of activity are presented below: Month Machine-Hours Total Overhead Cost April May June July 51,000 41,000 61,000 71,000 $190,450 $167,950 $212,950 $235,450 Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 41,000 machine-hour level of activity is: Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) $ 45,100 62,000 60,850 Total overhead cost $167,950 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 $235,450 of overhead cost in July was maintenance cost. (Hint: To do this, it may be helpful to first determine how much of the $235,450 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs!) (Do not round intermediate calculations.) aintenance cost in July

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