Month	Volume of Production (Number of Loaves)	Equipment Maintenance Costs
June	491,000	$7,037
July	409,000	$6,073
August	324,000	$5,073
September	109,000	$2,545
October	535,000	$7,555
November	310,000	$4,909

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: $Answer

b) Calculate the fixed portion of the equipment maintenance cost.
Round your answer to the nearest whole number.

Fixed Cost: $Answer

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

Answer rating: 100% (QA)

To calculate the variable rate for the equipment maintenance cost we can use the highlow method Firs... View the full answer