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

LowHighDirect labor-hours47,40063,200Total factory overhead costs$266,740$299,920

The factory overhead costs above consist of indirect materials, rent, and maintenance. The company has analyzed these costs at the 47,400-hour level of activity as follows:

Indirect materials (variable)$75,840Rent (fixed)134,000Maintenance (mixed)56,900Total factory overhead costs$266,740

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 $299,920 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 $299,920 consists of indirect materials and rent. Think about the behavior of variable and fixed costs!)(Do not round intermediate calculations.)