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CH Month April May June July Machine Hours 51,888 41, eee 61,000 71,000 Total Overhead Cost $ 195,440 $ 169,848 $ 221,840 $ 248, 240 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) Total overhead cost $ 61,500 48,800 59.548 $169,040 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 $248,240 of overhead cost in July was maintenance cost. (Hint to do this, it may be helpful to first determine how much of the $248 240 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 form Y=3 + bx 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 46,000 machine-hours? Complete this question by entering your answers in the tabs below. Required) Required 2 Required 3 Required 4 Estimate how much of the $248,240 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $248,240 consisted of utilities and supervisory salaries. Think about the behavior of variable and Tixed costs :) (Do not round Intermediate calculations.) Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these co at the 41000 machine-hour level of activity is: Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) Total overhead cost $ 61,500 48,eee 59,548 $169, e48 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 $248,240 of overhead cost in July was maintenance cost. (Hint to do this, it may be helpful to first determine how much of the $248,240 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 form Y = 3 + bx 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 46,000 machine-hours? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Estimate how much of the $248,240 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $248,240 consisted of Utilities and supervisory salaries. Think about the behavior of variable and fixed costs.) (Do not round intermediate calculations.) Maintenance cost in July Required Required 2 > MU 1110 e determine how much of the $248,240 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 form Ya+bx 3. Express the company's total overhead cost in the form Ya+bX 4 What total overhead cost would you expect to be incurred at an activity level of 46.000 machine-hours? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Using the high-low method, estimate a cost formule for maintenance in the form Ya+DX. (Do not round your intermediate calculations. Round the Variable cost per unit to 1 decimal places.) va Company's management wants to break down the maintenance equired: Estimate how much of the $248,240 of overhead cost in July was ma etermine how much of the $248,240 consisted of utilities and supervi osts.) - Using the high-low method, estimate a cost formula for maintenance . Express the company's total overhead cost in the form Y = a + bx. What total overhead cost would you expect to be incurred at an activ- Complete this question by entering your answers in the tabs belo Required 1 Required 2 Required 3 Required 4 Express the company's total overhead cost in the form Y = a + bx. (Do no "Variable cost per unit" to 2 decimal places.) Variable Cost per Machine- Hour Fixed Cost Utilities cost Supervisory salaries cost Maintenance cost Total overhead cost $ 0.00 $ 0 Y =