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Question Two: (10 points) The following data pertain to activity measured in machine hours and the overhead costs for two recent months. Overhead costs consist

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Question Two: (10 points) The following data pertain to activity measured in machine hours and the overhead costs for two recent months. Overhead costs consist of three items, utilities, which is considered a variable cost item, salaries which is considered a fixed cost item and maintenance which is considered a mixed cost item. November 10000 Activity in machine hours Utilities (V) Salaries (F) Maintenance (M) Total overhead costs October 5000 $15,000 35,000 40,000 $127,500 Required: 1. Determine the cost of utilities, salaries, and maintenance for the month of November (3 points). 2. Using the high-low method, estimate a cost formula for maintenance (5 points) 3. Express the company's overhead costs in the linear equation form Ya+bX (2 points)

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