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.

To differentiate the variable and fixed costs in the use of this machine for future planning, use the high-low method to do the following:

b. Compute the fixed and variable costs for the months of February and June.

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Cash flows from investing activities Cash received from the sale of equipment Cash paid for new truck Cash received from the sale of land (89,000) 198,000 Cash received from the sale of long-term investments Net cash provided by investing activities 60,800 $ 169,800 Cash flows from investing activities Cash received from the sale of equipment Cash paid for new truck Cash received from the sale of land (89,000) 198,000 Cash received from the sale of long-term investments Net cash provided by investing activities 60,800 $ 169,800