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

[answerhappygod]

Mattey Bread Company Mattey Bakes Loaves Of Bread The Monthly Equipment Maintenance Cost For Mattey Is Considered To 1 (125.74 KiB) Viewed 11 times

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 January 281,000 $5,449 February 203,000 $4,552 March 322,000 $5,920 58,000 $2,886 562,000 $8,677 270,000 $5,322 April May June 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 June. Using the results of the high-low method in parts a) and b), what is the expected total equipment maintenance cost for June? Round your answer to 2 decimal places. English Expected total equipment maintenance cost for June: $