Examlex

Solved

The Following Are Monthly Totals Taken from the Log of a Color

question 123

Essay

The following are monthly totals taken from the log of a color photocopying machine used by the Kinlo's Printing Company. 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  January 35,200$10,800 Feburuary 30,4009,600 March 32,90010,225 Apri 40,30012,075 May 38,40011,600 June 48,90014,225\begin{array}{|l|l|l|}\hline \text { Month } & \text { Number of Copies Made } & \text { Total Cost } \\\hline \text { January } & 35,200 & \$ 10,800 \\\hline \text { Feburuary } & 30,400 & 9,600 \\\hline \text { March } & 32,900 & 10,225 \\\hline \text { Apri } & 40,300 & 12,075 \\\hline \text { May } & 38,400 & 11,600 \\\hline \text { June } & 48,900 & 14,225 \\\hline\end{array}
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 and (b) compute the fixed and variable costs for the months of February and June.


Definitions:

Genetically Determined

Traits or characteristics that are influenced by genes inherited from parents.

Reinforcement

In behavioral psychology, it is the process of encouraging or establishing a pattern of behavior by offering reward or punishment.

Psychoanalytic

Pertaining to psychoanalysis, the theory and therapy developed by Freud that focuses on exploring unconscious desires and conflicts.

Behavioural Theories

Theories that focus on observable behaviors, emphasizing the learning processes and the effects of the environment on behavior.

Related Questions