*CengageNOWv2| xCalendar in Conne Xнсс МуEagleMail - christian.bya Xx b My Questions | bai xn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseG Password Manage x +ve...its The HubWebcam ToyLetMeWatchThis HISD ApplicationOtheеBookPrint ItemMarkson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a charge for each copy made. The company uses the high-low method to analyzecosts. If Markson paid $330 for 5,000 copies and $290 for 4,000 copies, how much would Markson pay if it made 8,600 copies?Total cost $FeedbackCheck My WorkFor the two listed amounts, find the difference between the highest and lowest amounts each to apply the high low method. The differences between the two highest and lowestamounts from both columns are used to calculate the variable cost per unit using the method.Once that amount is determined, the total costs is made up of the total fixed and variable costs. Apply the variable cost per unit times the number of copies and add in the fixedcosts to determine the required amount.PreviousNextCheck My WorkSave and ExitSubmit Assignment for GradingEmail InstructorAll work saved.

The high low method is used to find the fixed cost and variable cost from the mixed cost.

Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a charge for each copy made. The company uses the high-low method to analyze costs. If Markson paid $330 for 5,000 copies and $290 for 4,000 copies, how much would Markson pay if it made 8,600 copies? Total cost Feedback T Check My Work For the two listed amounts, find the difference between the highest and lowest amounts each to apply the high low method. The differences between the two highest and lowest amounts from both columns are used to calculate the variable cost per unit using the method. Once that amount is determined, the total costs is made up of the total fixed and variable costs. Apply the variable cost per unit times the number of copies and add in the fixed costs to determine the required amount.

Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a charge for each copy made. The company uses the high-low method to analyze costs. If Markson paid $330 for 5,000 copies and $290 for 4,000 copies, how much would Markson pay if it made 8,600 copies? Total cost Feedback T Check My Work For the two listed amounts, find the difference between the highest and lowest amounts each to apply the high low method. The differences between the two highest and lowest amounts from both columns are used to calculate the variable cost per unit using the method. Once that amount is determined, the total costs is made up of the total fixed and variable costs. Apply the variable cost per unit times the number of copies and add in the fixed costs to determine the required amount.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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