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Campus Copy & Printing wants to predict copy machine repair expense at different levels of copying activity (number of copies made). The following data have
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 $10,812 381,600 June 15,900 636,000 July 26,076 1,144,800 August 20,988 890,400 September 13,356 508,800 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 $
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