Please help solve for Question #4, what is the utilities cost and what is the maintence cost that equals the total overhead cost of $180,830?

All answers already shown are correct.

Nova Company's total overhead cost al various levels of activity are presented below Total Machine- Overhead Month Hours Apni 52,0 $193,780 May 42,000 167,880 June 62,000 219,600 July 72,000 245,580 Cost Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 42,000 machine-hour level of activity is Utiities (variable) Supervisory salaries (fixed) Maintenance mixed) Total overhead cost 5 63,000 40 000 64,980 S 167,830 Nova Company's management wants to break down the maintenance cost into its vanable and Tixed cost elements Required 1. Estimate how much of the $245,500 of overhead cost in July was maintenance cost. (Nnt: To do this, it may be helptul to rst detemine how much ot the $245,500 consisted of utmcies and supervisory salaries. Think about the behavior of variable and fixed costsl) (Do not round intermediate calculations.) e cost in 3 97,580 2. Using the high-low method, estimate a cost formula for maintenance. (Do not round your intermediate caleulations. Round the "Variable cost per machine-hours" to 2 decimal places.) High activity level Low activity leve Change 200097,580 42 000 30.000 32,700 64 880 Vaniable cost element $ Fixed cost element 1.09 per MH 19.100