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AE4-5 High-Low Method [LO 2] Campus Copy & Printing wants to predict copy machine repair expense at different levels of copying activity (number of copies
AE4-5 High-Low Method [LO 2] Campus Copy & Printing wants to predict copy machine repair expense at different levels of copying activity (number of copies made). The following data have been gathered: Copy Machine Month Repair Expense Copies Made May $12,606 444,900 June 18,538 741,500 July 30,402 1,334,700 August 24,470 1,038,100 September 15,572 593,200 Determine the fixed and variable components of repair expense using the high-low method. Use copies made as the measure of activity. (Enter variable cost per dollar to 2 decimal places, e.g. 0.52.) Variable repair cost $ Fixed repair cost $ Click here if you would like to Show Work for this
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