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How much would GEM Ltd pay

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Reference no: EM133006671

Question - GEM Ltd leases a photocopy machine with terms that include a fixed fee each month plus a charge for each photocopy made. GEM made 5,000 copies and paid a total of $600 in January. In April, they paid $400 for 3,000 copies.

Required -

a) What is the variable cost per copy if GEM uses the high-low method to analyze costs?

b) How much would GEM Ltd pay if it made 7,500 copies? (Hint: Need to solve for Fixed cost).

Reference no: EM133006671

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