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:

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

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Copy Machine Month May June July August September Repair Expense 8,500 12,500 20,500 16,500 10,500 Copies Made 300,000 500,000 900,000 700,000 400,000