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Please show how you arrived at all answers through Excel. Please assist with formulas where possible. Nova Company's total overhead cost at various levels of

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Please show how you arrived at all answers through Excel. Please assist with formulas where possible.

Nova Company's total overhead cost at various levels of activity are presented below: Total Overhoad Cost Month April June Ma 70,000 60,000 80,000 90,000 $198,000 $174,000 $222,000 $246,000 Assume that the total overhead cost above consists of utilities, supervisory salaries, and main- tenance. The breakdown of these costs at the 60,000 machine-hour level of activity is: Utilities (varlable) Supervisory salaries (flxed).. Malntenance (mixed) 48,000 21,000 105,000 $174,000 . . Nova Company's management wants to break down the maintenance cost into its variable and fixed cost elements. Required: Estimate how much of the $246,000 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $246,000 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. 3. Express the company's total overhead cost in the linear equation form Y-a + bX. 4. What total overhead cost would you expect to be incurred at an activity level of 75,000

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