Need help with this general accounting Swanson and Associates presently lease a copy machineunder an agreement that calls for a fixed fee each monthand a charge for each copy made. Swanson made 14,000copies and paid a total of $400 in March; in May, the firmpaid $350 for 10,000 copies. The company uses the high-low method to analyze costs.-Compute variable cost per copy and monthly fixed fee.How much would Swanson's pay if it made 12,000copies?

Step 1: Define High-Low MethodHigh-Low Method is the easiest method for separating the variable cost…

Answered: Swanson and Associates presently lease…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 11EA: Markson and Sons leases a copy machine with terms that include a fixed fee each month plus acharge...

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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. If Markson paid $360 for 5,000 copies and $280 for 3,000 copies, how much would Markson pay if it made 7,500 copies?
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Markson and Sons leases a copy machine with terms that include a fixed fee each month plus a charge for each copy made. Markson made 9,000 copies and paid a total of $480 in January. In April, they paid $320 for 5,000 copies. A) What is the variable cost per copy if Markson uses the high-low method to analyze costs? B) What is the total fixed fee if Markson uses the high-low method to analyze costs? C) Using the answers from A and B, complete the equation: Total cost= + x
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