Question

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 10,000 copies and paid a total of $410 in March; in May, the firm paid $370 for 8,000 copies. The company uses the high-low method to analyze costs.

How much would Fulton pay if it made 9,500 copies? (Round your intermediate calculations to 3 decimal places final answer to 2 decimal places.)

Answer 1