kgarant
Jan 25, 2012, 09:17 PM
Can someone please explain how to calculate this math?
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 $12,597 444,600
June 18,525 741,000
July 30,381 1,333,800
August 24,453 1,037,400
September 15,561 592,800
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.)
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 $12,597 444,600
June 18,525 741,000
July 30,381 1,333,800
August 24,453 1,037,400
September 15,561 592,800
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.)