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8) Brock Morton has a fast-food franchise and must pay a franchise fee of $45,000 plus 4% 8) of gross sales. In terms of cost
8) Brock Morton has a fast-food franchise and must pay a franchise fee of $45,000 plus 4% 8) of gross sales. In terms of cost behavior, the fee is known as a: A) variable cost. B) curvilinear cost. C) step-fixed cost. D) semivariable cost E) fixed cost. 9) Fulton and Sons, Inc. presently leases a copy machine under an agreement that calls for a 9) fee each month and a charge for each copy made. Fulton made 7,000 copies and paid a to $360 in March; in May, the firm paid $280 for 5,000 copies. The company uses the high method to analyze costs. Fulton's monthly fixed fee is: A) $106 B) $112. C) $102 D) $80. E) None of the answers is correct. 10) Fulton and Sons, Inc. presently leases a copy machine under an agreement that calls for a 10) fee each month and a charge for each copy made. Fulton made 7,000 copies and paid a tot S360 in March; in May, the firm paid $280 for 5,000 copies. The company uses the high- method to analyze costs. Fulton's variable cost per copy is: A) S0.056 B) S0.051. C) $0.040 D) $0.053. E) None of the answers is correct
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