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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

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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