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Blossom Copy & Printing wants to predict copy machine repair expense at different levels of copying activity (number of copies made). The following data have

Blossom 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 $9,270 304,000
June 12,750 528,000
July 23,430 1,012,000
August 16,450 713,000
September 10,690 400,000

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

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