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Problem 2-20 (Part Level Submission) The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the
Problem 2-20 (Part Level Submission)
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year.
Month | Number of Copies | Total Copy Cost | |||||
January | 40,000 | $ 3,500 | |||||
February | 35,000 | $ 3,200 | |||||
March | 60,000 | $ 4,100 | |||||
April | 80,000 | $ 5,100 | |||||
May | 85,000 | $ 5,600 | |||||
June | 75,000 | $ 4,800 | |||||
July | 82,000 | $ 5,300 | |||||
August | 105,000 | $ 6,000 |
Using the high-low method, what is the fixed cost per month?
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