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Question - SplishCopy & 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 $17,030 281,000
June $28,230 525,000
July $53,080 1,002,000
August $39,780 756,000
September $22,430 399,000
Required - Determine the fixed and variable components of repair expense using the high-low method. Use copies made as the measure of activity.
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