Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Marcie Publishing Company (Marie) sa publisher of novels. The monthly equipment maintenance cost for Martie is considered to be a mixed cost. The variable portion
Marcie Publishing Company (Marie) sa publisher of novels. The monthly equipment maintenance cost for Martie is considered to be a mixed cost. The variable portion of the cost is related to the number of novels published. The production volume and maintenance costs for the past six months are presented below. Marcie uses the high-low method to separate mixed costs into its fixed and variable portions Month Volume of Production (Number of Novels) Equipment Maintenance Costs January 240.000 $5.476 February 280.000 $5947 March 216000 $5.193 April 123,000 54,098 May 526000 $8,845 Sune 284.000 $5.995 Do not enter dollar sus commas in the thrones Calculate the variable rate for the equipment maintenance cost Bound your answer to decimat places Variable Cost per Unit: b) Calculate the faced portion of the equipment maintenance cost Round your answer to the nearest whole number Fixed costs Assume that 420.000 novels is the budgeted production level for lune Using the results of the high-low method in parts and bil, what is the expected total equipment maintenance cost for June? Round you answer to 2 decimal place Espected total equipment maintenance cost for lunes
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started