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Coronado Copy & Printing wants to predict copy machine repair expense at different levels of copying activity (number of copies made). The following data have
Coronado 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 Repair Expense $39,430 Month May June Copies Made 329,000 571,000 1,012,000 820,000 371,000 65,050 114,560 92,440 43,550 July August September 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, e.g. 0.15.) Variable Component $ per copy Fixed Component $ per month
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