Take me to the text Marcie Publishing Company (Marcie) is a publisher of novels. 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 novels published. 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 Novels) Equipment Maintenance Costs March 276,000 $7,435 246,000 $6,948 361,000 76,000 571,000 270,000 April May June July August Do not enter dollar signs or commas in the input boxes. a) Calculate the variable rate for the equipment maintenance cost. Bound your answer to 5 decimal places. Variable Cost per Unit: $ 0.01 bi Calculate the fixed portion of the equipment maintenance cost. $8,813 $4,191 $12,220 $7,337
Take me to the text Marcie Publishing Company (Marcie) is a publisher of novels. 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 novels published. 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 Novels) Equipment Maintenance Costs March 276,000 $7,435 246,000 $6,948 361,000 76,000 571,000 270,000 April May June July August Do not enter dollar signs or commas in the input boxes. a) Calculate the variable rate for the equipment maintenance cost. Bound your answer to 5 decimal places. Variable Cost per Unit: $ 0.01 bi Calculate the fixed portion of the equipment maintenance cost. $8,813 $4,191 $12,220 $7,337
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Take me to the text Marcie Publishing Company (Marcie) is a publisher of novels. 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 novels published.
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 Novels)
Equipment Maintenance Costs 276,000 $7,435 March 246,000 $6,948 April 361,000 $8,813 May 76,000 $4,191 June
571,000 $12,220 July 270,000 $7,337 August 4 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: $ 0.01 b)
Calculate the fixed portion of the equipment maintenance cost.
Transcribed Image Text:Take me to the text
Marcie Publishing Company (Marcie) is a publisher of novels. 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 novels published. 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 Novels) Equipment Maintenance Costs
March
276,000
$7,435
246,000
$6,948
361,000
76,000
571,000
270,000
April
May
June
July
August
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: $ 0.01
b) Calculate the fixed portion of the equipment maintenance cost.
$8,813
$4,191
$12,220
$7,337
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