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The Stamford Times has determined that the annual printing of 900,000 newspapers costs 14 cents per copy. If production were to be increased to 1,500,000 copies per year, the per-unit cost would drop to 9 cents per copy.Using the high-low method, determine the total fixed and variable costs of printing 900,000 newspapers.

Total fixed costs $ 112500
Total variable costs $ 13500

Using the fixed and variable costs you determined in part (1), what would be the total cost of producing 1,000,000 copies?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9984595

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