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

Ivanhoe 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 Repair Month Expense Copies Made May $14,550 288,000 June 21,990 499,000 July 39,470 911,000 August 33,390 784,000 September 19,170 416,000 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