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 and Markson paid $360 for 5,000 copies and $280 for 3,000 copies, PLEASE NOTE #1: Costs per unitdollar amounts will be rounded totwo decimal places and shownwith "$" and commas as needed(i.e. $12,345.67).PLEASE NOTE #2: Total costsdollar amounts will be wholedollars and shown with "$" andcommas as needed (i.e. $12,345).You may want to use the EXCELspreadsheet I provided in thisweek's module Chapter02 High-Low.xlsx to calculate theanswers to these questions.What is the variable cost per copy?How much would Markson pay if itmade 7,500 copies?

Variable cost per copy using high-low method (Highest Cost - Lowest Cost) / (Highest No. of Copies -…

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 and Markson paid $360 for 5,000 copies and $280 for 3,000 copies,

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 and Markson paid $360 for 5,000 copies and $280 for 3,000 copies,

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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