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Mattey Publishing Company (Mattey) is a publisher of novels. The monthly equipment maintenance cost for...

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Accounting

Mattey Publishing Company (Mattey) is a publisher of novels. 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 novels published. 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 Novels) Equipment Maintenance Costs June 438,000 $7,353 July 406,000 $6,946 August 411,000 $7,010 September 55,000 $2,482 October 600,000 $9,414 November 239,000 $4,822 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: $

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