Question: please help!! Nova Company's total overhead cost at various levels of activity are presented below: Assume that the total overhead cost above consists of utilities,

please help!!  please help!! Nova Company's total overhead cost at various levels of

Nova Company's total overhead cost at various levels of activity are presented below: 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: 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 $246,900 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $246,900 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs.) 2. Using the high-low method, estimate a cost forinula 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 ot an activity level of 43,000 machine-hours

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