Metlock 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 MachineMonthRepair ExpenseCopies Made

May $28,010 281,000

June 48,340 518,000

July 86,420 930,000

August 73,990 803,000

September 40,020 420,000

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