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Oriole Copy & Printing wants to predict copy machine repair expense at different levels of copying activity (number of copies made) The following data
Oriole 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 Month Expense Copies Made May $24,340 305,000 June 36,780 497,000 July 74,670 1,024,000 August 49,450 678,000 September 31,120 409,000 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 $ Fixed Component $ per copy per month
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