Splish Copy & Printing wants to predict copy machine repair expense at different levels of...

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Accounting

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Splish 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 $17,030 28,230 53,080 39,780 22,430 Copies Made 281,000 525,000 May June July August September 1,002,000 756,000 399,000 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 $ per copy Fixed Component $ per month

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