TamariskCopy & 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

MonthRepair Expense

Copies Made

May$30,600308,000June56,150603,000July83,340894,000August75,860822,000September41,530435,000

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