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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)
the following materials standards have been established for a particular product standard quantity per unit of output
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icon industries is considering a new product for its trophy division. the product which would feature an alligator is
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Audrey, age 38 and single, earns a salary of $59,000. She has interest income of $1,600 and has a $2,000 long-term capital loss from the sale of a stock investment. Audrey incurs the following employment-related expenses during the year:
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