Fulton and Sons, Inc

Multiple Choice

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 $360 in March; in May, the firm paid $280 for 5,000 copies.The company uses the high-low method to analyze costs. Fulton's variable cost per copy is:

A) $0.040.
B) $0.051.
C) $0.053.
D) $0.056.
E) None of the answers is correct.