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 7,000 copies and paid a total of $300 in March; in May, the firm paid $250 for 5,000 copies. The company uses the high-low method to analyze costs.

How much would Fulton pay if it made 6,500 copies? (Round your intermediate calculations to 3 decimal places final answer to 2 decimal places.)

Multiple Choice

• $370.00.

• $309.50.

• $287.50.

• $270.00

• None of the answers is correct.

Answer 1