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Determine fixed and variable components of repair expense

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Reference no: EM131785480

Question - High-Low Method

Campus 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 $12,606 444,900

June 18,538 741,500

July 30,402 1,334,700

August 24,470 1,038,100

September 15,572 593,200

Determine the fixed and variable components of repair expense using the high-low method. Use copies made as the measure of activity.

Reference no: EM131785480

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