Solved

The Following Are Monthly Totals Taken from the Log of a Color

Question 151

Essay

The following are monthly totals taken from the log of a color photocopying machine used by the Kinlo's Printing Company. Cost was based on a flat fee plus a declining cost per copy made after a minimum number of copies had been made each month.
 Month  Number of Copies Made  Total Cost  January 35,200$10,800 Feburuary 30,4009,600 March 32,90010,225 Apri 40,30012,075 May 38,40011,600 June 48,90014,225\begin{array}{|l|l|l|}\hline \text { Month } & \text { Number of Copies Made } & \text { Total Cost } \\\hline \text { January } & 35,200 & \$ 10,800 \\\hline \text { Feburuary } & 30,400 & 9,600 \\\hline \text { March } & 32,900 & 10,225 \\\hline \text { Apri } & 40,300 & 12,075 \\\hline \text { May } & 38,400 & 11,600 \\\hline \text { June } & 48,900 & 14,225 \\\hline\end{array}
To differentiate the variable and fixed costs in the use of this machine for future planning, use the high-low method to (a) determine the variable cost per copy and (b) compute the fixed and variable costs for the months of February and June.

Correct Answer:

verifed

Verified

a.

\(\begin{array}{|l|l|l|}
\hline& \ ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents