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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
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 6,000 copies and paid a total of $390 in March; in May, the firm paid $300 for 4,000 copies. The company uses the high-low method to analyze costs. How much would Fulton pay if it made 4,800 copies? (Round your intermediate calculations to 3 decimal places and final answer to 2 decimal places.)
Multiple Choice
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$395.30.
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$334.80.
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$336.00.
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$295.30
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None of the answers is correct.
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