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)