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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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