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16) Managerial Financial Accounting Assignments AE4-5 Solution

# 16) Managerial Financial Accounting Assignments AE4-5 Solution

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AE4-5

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Correct. High-Low Method [LO 2] 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 Machi ne M o n t h R e p a i r E x p e n s e Co pi es M ad e M a y \$ 9 , 1 2 1 3 2 1 , 9 0 0 J u n e 1 3 , 4 1 3 5 3 6 , 5 0 0 J u l y 2 1 , 9 9 7 9 6 5 , 7 0 0
A u g u s t 1 7 , 7 0 5 7 5 1 , 1 0 0 S e p t e m b e r 1 1 , 2 6 7 4 2 9 , 2 0 0 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.

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Unformatted text preview: 0.52.) Variable repair cost \$ 0.02 Fixed repair cost \$ 2,683 Click here if you would like to Show Work for this question AE4-5 (\$21,997 - \$9,121) ÷ (965,700 - 321,900) = \$0.02 per copy of variable repair cost \$21,997 - (\$0.02 × 965,700) = \$2,683 per month of fixed repair cost....
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16) Managerial Financial Accounting Assignments AE4-5 Solution

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