Check my wo 4 Problem 6A-8 High-Low Method; Predicting Cost (LO6-10) Nova Company's total overhead cost at various levels of activity are presented below: 2.9 points Machine- Hours 53,000 43,000 63,000 73,000 Month April May June July Total Overhead Cost $ 200, 470 $ 178,570 $ 222,370 $ 244,270 eBook Print References 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 $ 47,300 69,000 62,270 $178,570 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 $244,270 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $244,270 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs.) Ch 4 rialulenance (lxeu) Total overhead cost 04LIV $178,570 Nova Company's management wants to break down the maintenance cost into its variable and fixed cost elements. 2.9 points eBook Required: 1. Estimate how much of the $244,270 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $244,270 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 =a + bx. 4. What total overhead cost would you expect to be incurred at an activity level of 48,000 machine-hours? Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Estimate how much of the $244,270 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $244,270 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs.) (Do not round intermediate calculations.) Maintenance cost in July Check my 4 Malatenance mixeu) Total overhead cost $178,570 Nova Company's management wants to break down the maintenance cost into its variable and fixed cost elements. 2.9 points eBook Required: 1. Estimate how much of the $244,270 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $244,270 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 = a + bx. 4. What total overhead cost would you expect to be incurred at an activity level of 48,000 machine-hours? Print References 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.) Y= Check my work 4 Required: 1. Estimate how much of the $244,270 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $244,270 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 = a + bx. 4. What total overhead cost would you expect to be incurred at an activity level of 48,000 machine-hours? 2.9 points eBook Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 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 Check my work 4 69,000 Supervisory salaries (fixed) Maintenance (mixed) Total overhead cost 62,270 $ 178,570 2.9 points Nova Company's management wants to break down the maintenance cost into its variable and fixed cost elements. eBook Required: 1. Estimate how much of the $244,270 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $244,270 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 = a + bx. 4. What total overhead cost would you expect to be incurred at an activity level of 48,000 machine-hours? Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 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