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Cannons Copy Shop is a virtual document copy service (they make virtual copies go figure). With the following data, use the high-low method to estimate

Cannons Copy Shop is a virtual document copy service (they make virtual copies go figure). With the following data, use the high-low method to estimate Cannons total costs (fixed and variable) when demand is at 250,000 documents:

Month Documents Sold Total Costs

September 278,900 $80,720

October 286,500 $82,300

November 212,200 $67,440

December 239,450 $72,860

January 228,500 $71,100

a. Total Cost = $25,000

b. Total Cost = $50,000

c. Total Cost = $58,850

d. Total Cost = $75,000

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