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Nova Company's total overhead cost at various levels of activity are presented below. Total Overhead Cost Month April May June July Machine Hours 53,000 43,000 63,090 73,000 $ 196,120 $ 169,720 $ 222,520 $ 248,920 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) Total overhead cost 5. 64,500 43,000 62,220 $169,720 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 $248,920 of overhead cost in July was maintenance cost. (Hint to do this, it may be helpful to first determine how much of the $248,920 consisted of utilities and supervisory salaries Think about the behavior of variable and fixed costs) 2. Using the high-low method, estimate a cost formula for maintenance in the form Y=a +bX 3 Express the company's total overhead cost in the form X=a+bX 4 What total overhead cost would you expect to be incurred at an activity level of 48.000 machine hours? 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) Total overhead cost $ 64,500 43,000 62,220 $169,720 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 $248.920 of overhead cost in July was maintenance cost. (Hint to do this, it may be helpful to first determine how much of the $248,920 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs.) 2 Using the high-low method, estimate a cost formula for maintenance in the form Ya+bX 3. Express the company's total overhead cost in the form Y=a + DX 4. What total overhead cost would you expect to be incurred at an activity level of 48.000 machine-hours? Complete this question by entering your answers in the tabs below. Reguhod 1 Required 2 Required 3 Required 4 Estimate how much of the $248,920 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $248,920 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs. (Do not round Intermediate calculations.) Maintenance cost in July Required 2 > 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) Total overhead cost $ 64,500 43,000 62,22e $169,72e 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 $248,920 of overhead cost in July was maintenance cost. (Hint to do this, it may be helpful to first determine how much of the $248,920 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs) 2. Using the high-low method, estimate a cost formula for maintenance in the form Y = a + bx 3 Express the company's total overhead cost in the form Y=3 + bx 4 What total overhead cost would you expect to be incurred at an activity level of 48,000 machine-hours? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using the high-low method, estimate a cost formula for maintenance in the form Y = a + bx. (Do not round your intermediate calculations. Round the variable cost per unit" to 2 decimal places) Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of the at the 43,000 machine hour level of activity is Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) Total overhead cost $ 64,500 43,000 62,220 $169,720 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 $248,920 of overhead cost in July was maintenance cost. (Hint to do this, it may be helpful to fi determine how much of the $248,920 consisted of utilities and supervisory salaries. Think about the behavior of variable an costs) 2 Using the high-low method, estimate a cost formula for maintenance in the form Y = a +bX 3 Express the company's total overhead cost in the form Y = a + bx 4. What total overhead cost would you expect to be incurred at an activity level of 48,000 machine hours? Complete this question by entering your answers in the tabs below. Required 1 Required 2 rfzuired 3 Required 4 Express the company's total overhead cost in the form Y = a +bX. (Do not round your intermediate calculations. Round the "Variable cost per unit" to 2 decimal places.) Variable Cost per Machine Fixed Cost Hour Utilities cost Supervisory salaries cost Maintenance cost Total overhead cost S 0.005 0 Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) Total overhead cost $ 64,5ee 43,00 62,220 $169,720 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 $249,920 of overhead cost in July was maintenance cost. (Hint to do this, it may be helpful to f determine how much of the $248,920 consisted of utilities and supervisory salaries. Think about the behavior of variable an costs.) 2. Using the high-low method, estimate a cost formula for maintenance in the form Y = a + bx 3. Express the company's total overhead cost in the form Y = a + bx 4. What total overhead cost would you expect to be incurred at an activity level of 48,000 machine hours? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 rlauired 4 What total overhead cost would you expect to be incurred at an activity level of 48,000 machine hours? (Do not round intermediate calculations.) Total overhead costs

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