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Nova Company's total overhead cost at various levels of activity are presented below: 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: Novo Company's management wants to break down the maintenance cost into its variable and fixed cost elements. Required: Estimate how much of the $248,120 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first Hetermine how much of the $248,120 consisted of utilites 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=a+bX. Express the company's total overhead cost in the form Y=a+bX What total overheod cost would you expect to be incurred at an activity lovel of 41,000 machine-hours? Complete this question by entering your answers in the tabs below