Technical Engineering presently leases a copying machine on a monthly basis. The lease agreement requires a fixed fee each month in addition to a charge per copy. Technical Engineering made 2,400 copies and paid a total of $162 in rent in September and in October they paid $195 for 3,500 copies. Determine Technical Engineering’s variable cost per copy. $0.06 b. $0.04 c. $0.01 d. $0.03
Technical Engineering presently leases a copying machine on a monthly basis. The lease agreement requires a fixed fee each month in addition to a charge per copy. Technical Engineering made 2,400 copies and paid a total of $162 in rent in September and in October they paid $195 for 3,500 copies. Determine Technical Engineering’s variable cost per copy. $0.06 b. $0.04 c. $0.01 d. $0.03
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Technical Engineering presently leases a copying machine on a monthly basis. The lease agreement requires a fixed fee each month in addition to a charge per copy. Technical Engineering made 2,400 copies and paid a total of $162 in rent in September and in October they paid $195 for 3,500 copies. Determine Technical Engineering’s variable cost per copy.
$0.06
b.
$0.04
c.
$0.01
d.
$0.03
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