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Question - Blue 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
Month
Repair Expense
Copies Made
May
$25,690
327,000
June
39,110
533,000
July
64,750
885,000
August
59,410
823,000
September
28,900
380,000
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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