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Determine fixed and variable components of repair expense

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Question - IndigoCopy & 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

$11,220

282,000

June

19,640

596,000

July

32,850

1,003,000

August

26,150

813,000

September

14,260

400,000

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: EM133047836

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