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Nova Company's total overhead cost at various levels of activity are presented below: Month Machine-Hours 53,000 43,000 63,000 73,000 Total Overhead Cost ri May June July $208,330 $181,230 $235,430 $262,530 Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 43,000 machine-hour level of activity is: Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) $64,500 50,000 66,730 Total overhead cost $181,230 Nova Company's management wants to break down the maintenance cost into its variable and fixed cost elements Required: 1. Estimate how much of the $262,530 of overhead cost in July was maintenance cost. (Hint: To do this, it may be helpful to first determine how much of the $262,530 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs!) (Do not round intermediate calculations.) Maintenance cost in July $