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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
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.
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