Sawaya Co.. Ltd.. of Japan is a manufacturing company whose total factory overhead costs fluctuate considerably from year to year according to ncreases and decreases in the number of direct labor-hours worked in the factory. Tota factory overhead costs at high and low levels of actvity for recent years are given below: The factory ove'head costs aoove consist of indirect materials, rent, and maintenance. The company has analyzed these costs at the 4G,3C0-hojr level of activity as follows: To have cata available for planning, the company wants to break down the maintenance cost into its variable and fixed cost elements. Required: Estimate how much of the $296,480 factory overhead cost at the high level of acivity consists of maintenance cost. (Do not round intermediate calculations.) Using the high-low method, estimate a cost formula for maintenance. (Do not round intermediate calculations.) Sawaya Co.. Ltd.. of Japan is a manufacturing company whose total factory overhead costs fluctuate considerably from year to year according to ncreases and decreases in the number of direct labor-hours worked in the factory. Tota factory overhead costs at high and low levels of actvity for recent years are given below: The factory ove'head costs aoove consist of indirect materials, rent, and maintenance. The company has analyzed these costs at the 4G,3C0-hojr level of activity as follows: To have cata available for planning, the company wants to break down the maintenance cost into its variable and fixed cost elements. Required: Estimate how much of the $296,480 factory overhead cost at the high level of acivity consists of maintenance cost. (Do not round intermediate calculations.) Using the high-low method, estimate a cost formula for maintenance. (Do not round intermediate calculations.)