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

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 $9,000 300,000
June 13,000 550,000
July 22,000 950,000
August 17,000 750,000
September 10,500 400,000

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 $

per copy
Fixed Component $

per month

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