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Fulton and Sons, Inc. presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Fulton made 13,000 copies and paid a total of $470 in March; in May, the firm paid $420 for 10,000 copies. The company uses the high-low method to analyze costs.Fulton’s variable cost per copy is: (Round your final answer to 3 decimal places)A. $0.017.B. $0.028.C. $0.030.D. $0.033.E. None of the answers is correct.

Respuesta :

The Fulton’s variable cost per copy is A. $0.017

  • The calculation is as follows:

= (high cost - low cost)  ÷ (high copies - low copies)

= ($470 - $420) ÷ (13,000 - 10,000)

= $50 ÷ $3,000

= $0.017

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