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Colby Limited is a manufacturing company whose total factory overhead costs fluctuate somewhat from year to year, according to the number of machine-hours worked in its production facility. These costs at high and low levels of activity over recent years are given below: Machine-hours Total factory overhead costs Level of Activity Low 77,500 $33,052,500 High 87,500 $34,862,500 The factory overhead costs above consist of indirect materials, rent, and maintenance. The company has analyzed these costs at the 77,500 machine-hours level of activity as follows: Indirect materials (variable) Rent (fixed) Maintenance (mixed) Total factory overhead costs $ 9,997,500 16,000,000 7,055,000 $33,052,500 For planning purposes, the company wants to break down the maintenance cost into its variable and fixed cost elements.