Marcie Bread Company (Marcie) bakes loaves of bread. The monthly equipment maintenance cost for Marcie is considered to

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Marcie Bread Company Marcie Bakes Loaves Of Bread The Monthly Equipment Maintenance Cost For Marcie Is Considered To 1 (291.86 KiB) Viewed 28 times

Marcie Bread Company (Marcie) bakes loaves of bread. The monthly equipment maintenance cost for Marcie 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. Marcie 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 $8,000 $6,405 $6,246 $4,346 $9,218 $7,184 June July August September October November 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: $ 429,000 298,000 285,000 129,000 529,000 362,000 b) Calculate the fixed portion of the equipment maintenance cost. Round your answer to the nearest whole number. Fixed Cost: $