Question: Just need the fixed component Current Attempt in Progress Sheffield Copy & Printing wants to predict copy machine repair expense at different levels of copying

Just need the fixed component

Just need the fixed component Current Attempt in Progress Sheffield Copy &

Current Attempt in Progress Sheffield 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 $24,860 312,000 June 39,610 537,000 July 70,710 967,000 August 56,690 781,000 September 31,290 411,000 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 $ 0.07 per copy Fixed Component $ per month

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