Please do not give solution in image format ? And Fast Answering Please And Explain Proper Step by Step. Take me to the text Marcie Publishing Company (Marcie) is a publisher of novels. The monthly equipment maintenance costfor 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-lowmethod 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 June571,000 $12,220 July 270,000 $7,337 August 4 Do not enter dollar signs or commas in the input boxes. a) Calculate thevariable 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. Take me to the textMarcie Publishing Company (Marcie) is a publisher of novels. The monthly equipment maintenance cost for Marcie isconsidered to be a mixed cost. The variable portion of the cost is related to the number of novels published. Theproduction volume and maintenance costs for the past six months are presented below. Marcie uses the high-lowmethod to separate mixed costs into its fixed and variable portions.Month Volume of Production (Number of Novels) Equipment Maintenance CostsMarch276,000$7,435246,000$6,948361,00076,000571,000270,000AprilMayJuneJulyAugustDo not enter dollar signs or commas in the input boxesa) Calculate the variable rate for the equipment maintenance costRound your answer to 5 decimal places.Variable Cost per Unit: $ 0.01b) Calculate the fixed portion of the equipment maintenance cost.$8,813$4,191$12,220$7,337

High low method is a method of cost estimation being used in business. It uses highest activity…

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