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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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