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Blossom Copy & Printing wants to predict copy machine repair expense at different levels of copying activity (number of copies made). The following data have
Blossom 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: Month May June July August September Copy Machine Repair Expense $9.270 12,750 23.430 Copies Made 304,000 528,000 1,012.000 713,000 400,000 16,450 10,690 Determine the fixed and variable components of repair expense using the high-low method. Use copies made as the measure of activity. (Round variable component per copy to 2 decimal places, eg. 0.15.) Variable Component $ per copy Fixed Component $ per month
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