Vaughn Copy & Printing wants to predict copy machine repair expense at different levels of...
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Accounting
Vaughn 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
$26,430
292,000
June
44,950
536,000
July
85,150
1,026,000
August
56,790
684,000
September
31,610
363,000
Determine the fixed and variable components of repair expense using the high-low method. Use copies made as the measure of activity. (Round variable component per copy to 2 decimal places, e.g. 0.15.)
Variable Component
$enter a dollar amount per copy rounded to 2 decimal places
per copy
Fixed Component
$enter a dollar amount per month rounded to 0 decimal places
per month
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