Sawaya Co., Ltd., of Japan is a manufacturing company whose total factory overhead costs fluctuate considerably from year to year according to increases and decreases in the number of direct labor-hours worked in the factory. Total factory overhead costs at high and low levels of activity for recent years are given below: Level of Activity Low High 69,900 Direct labor-hours 93,200 Total factory overhead costs $293,420 $335,360 The factory overhead costs above consist of indirect materials, rent, and maintenance The company has analyzed these costs at the 69,900-hour level of activity as follows: indirect materials (variable) 90,870 138,000 Rent (fixed Maintenance mixed 64,550 Total factory overhead costs $293,420 To have data available for planning, the company wants to break down the maintenance cost into its variable and fixed cost elements. Required 1. Estimate how much of the $335,360 factory overhead cost at the high level of activity consists of maintenance cost. (Hint: To do this, it may be helpful to first determine how much of the $335,360 consists of indirect materials and rent. Think about the behavior of variable and fixed costs!) (Donot round intermediate calculations.) Maintenance cost at high level of activity