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 High Low Direct labor-hours 56,400 75.200 $245,840 $275,920 Total factory overhead costs The factory overhead costs above consist of indirect materials, rent, and maintenance. The company has analyzed these costs at the 56,400-hour level of activity as follows: 67,680 Indirect materials (variable) Rent (fixed) 125,000 Maintenance (mixed) 53,160 245,840 Total factory overhead costs 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 $275,920 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 $275,920 consists of indirect materials and rent. Think about the behavior of variable and fixed costs!) (Do not round intermediate calculations.) Maintenance cost at high level of activity