Managerial Accounting: E4-5 Campus Copy & Printing wants to predict copy machine repair

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Managerial Accounting
Exercise 4-5. High-Low Method
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:
Copy Machine
Month Repair Expense Copies Made
May 8,500 300,000
June 12,500 500,000
July 20,500 900,000
August 16,500 700,000
September 10,500 400,000

Required:
Determine the fixed and variable components of repair expense using the high-low method. Use copies made as the measure of activity. (Enter variable cost per dollar to 2 decimal places, e.g. 0.52.)
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