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Take me to the text Mattey Bread Company (Mattey) bakes loaves of bread. The monthly equipment maintenance cost for Mattey is considered to be a
Take me to the text Mattey Bread Company (Mattey) bakes loaves of bread. The monthly equipment maintenance cost for Mattey is considered to be a mixed cost. The variable portion of the cost is related to the number of loaves baked. The production volume and maintenance costs for the past six months are presented below. Mattey uses the high-low method to separate mixed costs into its fixed and variable portions. Month Volume of Production (Number of Loaves) Equipment Maintenance Costs June 279,000 $5,528 July 447,000 $8,192 August 484,000 $8,779 September 83,000 $2,419 October 511,000 $9,207 November 356,000 $6,749 Do not enter dollar signs or commas in the input boxes. a) Calculate the variable rate for the equipment maintenance cost. Round your answer to 5 decimal places. Variable Cost per Unit: $ b) Calculate the fixed portion of the equipment maintenance cost. Round your answer to the nearest whole number. Fixed Cost: $ c) Assume that 420,000 loaves is the budgeted production level for November. Using the results of the high-low method in parts a) and b), what is the expected total equipment maintenance cost for November? Round your answer to 2 decimal places. Expected total equipment maintenance cost for November: $ Check Take me to the text In the following chart, fill in the missing cells for each of the following independent scenarios. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Use the negative sign for a loss. Scenario Selling Price per Unit Variable Cost/Unit Total Units Sold Contribution Margin Fixed Cost Operating Income (Loss) 1 $11 $7 390 $ $ $1,030 2 07 $13 210 $1,470 $770 $ 3 $26 $ 330 $1,650 $2,030 $ 4 $11 $4 $1,386 $ $90 Check
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