Question: keeps telling me x is not 2.78 for req 2 need help. Month Machine Hours Cost April 48,000 $ 200,940 May 38, cee $ 173,



Month Machine Hours Cost April 48,000 $ 200,940 May 38, cee $ 173, 140 June 58,00 $ 228,740 July 68,000 5 256,540 Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 38,000 machine-hour level of activity is: Utilities (variable) $ 60,800 Supervisory salaries (fixed) 55.000 Maintenance (mixed) 52,340 Total overhead cost $ 173, 140 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 $256,540 of overhead cost in July was maintenance cost. (Hintto do this, it may be helpful to first determine how much of the $256,540 consisted of utilities and supervisory salories. 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 43,000 machine hours? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Estimate how much of the $256,540 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $256,540 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs.) (Do not round intermediate calculations.) Maintenance cost in July s 927401 Month April May June July Machine-Hours 48,000 38,000 58,000 68,000 Cost $ 200,940 $ 173, 140 $ 228,740 $ 256,540 Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 38,000 machine-hour level of activity is: Utilities (variable) $ 60,800 Supervisory salaries (fixed) Maintenance (mixed) 57,340 Total overhead cost $ 173, 140 55,000 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 $256,540 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $256,540 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 43,000 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.) Variable Cost per Machine- Hour Fixed Cost Utilities cost Supervisory salaries cost Maintenance cost Total overhead cost $ 0.00 $ 0 Y = X Month April May June July Machine Hours 48,000 38,000 58. Bee 68.000 Total Overhead Cost 5 200,940 5.173, 140 $ 228,740 $ 256,540 Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 38,000 machine-hour level of activity is Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) Total overhead cost $ 60,800 55,000 57,340 $ 173,140 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 $256,540 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $256,540 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 43,000 machine-hours? 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 43,000 machine-hours? (Do not round intermediate calculations.) Total overhead con Required 3
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