IndigoCopy & 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

$11,220

282,000

June

19,640

596,000

July

32,850

1,003,000

August

26,150

813,000

September

14,260

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