Solution-Determine the fixed and variable components

Determine the fixed and variable components

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Question - Whispering 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:

Month	Copy Machine
Month	Repair Expense	Copies Made
May	$36,770	307,000
June	65,140	574,000
July	115,420	1,022,000
August	87,360	776,000
September	44,520	382,000

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: EM133035239

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Determine the fixed and variable components

Reference no: EM133035239

Reference no: EM133035239

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