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 13,000 copies and paid a total of $470 in March; in May, the firm paid $420 for 10,000 copies. The company uses the high-low method to analyze costs. Fulton's variable cost per copy is: (Round your final answer to 3 decimal places) A. $0.017. B. $0.028. C. $0.030. D. $0.033. E. None of the answers is correct.
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Home » Business » 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 13,000 copies and paid a total of $470 in March; in May, the firm paid $420 for 10,000 copies.