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10/30/23, 8:13 PM Chapter 4 Post-Class Homework https://www.ameengage.com/mod/quiz/review.php?attempt=4637934&cmid=1260603&page=1 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHB - Nardi / CHAPTER 4 - Cost-Volume-Profit Analysis / Chapter 4 Post-Class Homework Question 2 Incorrect Mark 0.00 out of 3.00 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 January 281,000 $5,449 February 203,000 $4,552 March 322,000 $5,920 April 58,000 $2,886 May 562,000 $8,677 June 270,000 $5,322 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: $ 87.0316  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. Expected total equipment maintenance cost for June: $ Explanation a) Variable Cost per Unit: $0.01149 b) Fixed Cost: $2,220 c) Expected total equipment maintenance cost for June: $7,045.80 Incorrect Marks for this submission: 0.00/3.00.