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

Sarasota 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

$21,240

301,000

June

35,840

561,000

July

55,560

873,000

August

48,140

766,000

September

28,240

426,000

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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