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Determine fixed and variable components of repair expense

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Reference no: EM132957522

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.

Reference no: EM132957522

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