Question

Question 1 Wildhorse Copy & Printing wants to predict copy machine repair expense at different levels...

Question 1

Wildhorse 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

$31,710

285,000

June

54,810

526,000

July

92,410

892,000

August

79,510

773,000

September

41,010

383,000



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

Homework Answers

Answer #1

Determine the fixed and variable components of repair expense using the high-low method.

Refer to the below image for the above mentioned requirement, in a detailed way of solution.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT