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CoursHeroTranscribedText: PROBLEM SOLVING Answers only. Do not use money sign ($). Sample format: 100,000 ABC...

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Accounting

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CoursHeroTranscribedText: PROBLEM SOLVING Answers only. Do not use money sign ($). Sample format: 100,000 ABC Company's total overhead costs at various levels of activity are presented below: Machine Hours Total Overhead Costs March . 60,000 $216,800 April 50,000 $194,000 May 70,000 $239,600 June 80,000 $262,400 Assume that the overhead costs above consist of utilities, supervisory salaries, and maintenance. At the 50,000 machine-hour level of activity these costs are: Utilities (V)........ $ 54.000 Supervisory salaries (F) 62,000 Maintenance (M) .. 78,000 Total overhead cost. $194,000 V = Variable; F = Fixed; M = Mixed The company wants to break down the maintenance cost into its basic variable and fixed cost elements

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