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Swanson and Associates presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy
Swanson and Associates presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Swanson made 6,700 copies and paid a total of $270 in March; in May, the firm paid $120 for 2,900 copies. The company uses the high-low method to analyze costs. Swanson's variable cost per copy is (rounded to 2 decimal places):
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