The following are monthly totals taken from the log of

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The following are monthly totals taken from the log of laser printer used by the Hardcopy Printing International. Cost was based on a flat fee plus a declining cost per copy made after a minimum number of copies had been made each month.

Month

Number of Copies Made

Total Cost

July

38,720

$11,880

August

33,440

10,560

September

36,190

11,248

October

44,330

13,283

November

42,240

12,760

December

53,790

15,648

To differentiate the variable and fixed costs in the use of this machine for future planning, use the high-low method to (a) determine the variable cost per copy (round your answers to two decimal places) and (b) compute the fixed and variable costs for the months of August and December (round your answers to nearest whole number)

Reference no: EM13485246

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