WhisperingCopy & 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 $36,770 307,000

June 65,140 574,000

July 115,420 1,022,000 August 87,360 776,000

September 44,520 382,000

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 $

Fixed Component $