1.PharoahCopy & 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 $15,510 312,000

June 24,99 574,000

July 44,110 1,027,000

August 29,550 688,000

September 20,130 440,000

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 $enter a dollar amount per copy rounded to 2 decimal places________ per copy

Fixed Component $enter a dollar amount per month rounded to 0 decimal places_________ per month