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,
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....
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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 $280 for 3,000 copies,
![PLEASE NOTE #1: Costs per unit
dollar amounts will be rounded to
two decimal places and shown
with "$" and commas as needed
(i.e. $12,345.67).
PLEASE NOTE #2: Total costs
dollar amounts will be whole
dollars and shown with "$" and
commas as needed (i.e. $12,345).
You may want to use the EXCEL
spreadsheet I provided in this
week's module Chapter02 High-
Low.xlsx to calculate the
answers to these questions.
What is the variable cost per copy?
How much would Markson pay if it
made 7,500 copies?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e1977ae-bab2-45cd-ad9b-1bdaf8cd8b26%2Fbcd461e8-3a63-45b1-8c7b-5d6a8c3b1ab2%2Fcljo4u9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PLEASE NOTE #1: Costs per unit
dollar amounts will be rounded to
two decimal places and shown
with "$" and commas as needed
(i.e. $12,345.67).
PLEASE NOTE #2: Total costs
dollar amounts will be whole
dollars and shown with "$" and
commas as needed (i.e. $12,345).
You may want to use the EXCEL
spreadsheet I provided in this
week's module Chapter02 High-
Low.xlsx to calculate the
answers to these questions.
What is the variable cost per copy?
How much would Markson pay if it
made 7,500 copies?
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