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Banner Food Processing prepares ready-to-eat meals. At Banner, the cost of prepared meals has a fixed component and a variable component related to the number of meals prepared. The cost and number of meals prepared at the kitchen for the past seven months are provided below. Month Number of Prepared Meals Cost of Meals June 372 $1,558 764 $2,997 $1,041 231 July August September October 576 $2,307 352 $1,485 November 530 $2,138 December 1,146 $4,398 Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Using the high-low method, What would be the expected cost of meals prepared for a month in which 605 meals are prepared? Variable Cost per Unit: $ Fixed Cost: $ Total Cost Incurred: $ Take me to the text In the following chart, fill in the missing cells for each of the following independent scenarios. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Scenario Revenue Variable Costs Fixed Costs Total Costs Operating Profit CM Ratio Contribution Margin 1 $640 $ $480 $698 $-58 98 $ 2 $2,800 $ $ $1,6845 57.00% $ $ 3 TA $645 $ $1.075 $425 4 $940 $ $260 $ $210 5470 Check Take me to the text In the following chart, fill in the missing cells for each of the following independent scenarios. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Use the negative sign for a loss, Scenario Selling Price per Unit Variable Cost/Unit Total Units Sold Contribution Margin Fixed Cost Operating Income (Loss) $15 $6 410 $ $ $1,100 2 $13 210 $630 $710 3 o $32) $ 340 $3,740 $1950 4 $12 $4 $1,568/S $80 Take me to the text Laura Lopez sells gifts certificates for $72 each. She purchases each gift certificate for $14 and spends $4,500 for fixed costs. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. a) Calculate operating income if Laura sells 370 gift certificates Operating Profit: $ b) Calculate the revenues needed to obtain an operating income of $3,800. Required Revenue: $ Check Marcie Bread Company (Marcie) bakes loaves of bread. 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 loaves baked. 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 Loaves) Equipment Maintenance Costs April 491,000 $10,101 May 407,000 $8,716 June 291,000 $6,805 July 80,000 $3,327 August 531,000 $10,760 September 256,000 $6,228 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: $ b) Calculate the fixed portion of the equipment maintenance cost. Round your answer to the nearest whole number. Fixed Cost: S c) Assume that 420,000 loaves is the budgeted production level for September. Using the results of the high-low method in parts a) and b), what is the expected total equipment maintenance cost for September? Round your answer to 2 decimal places, Expected total equipment maintenance cost for September: $

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