Willco Inc. manufactures electronic parts. They are analyzing their monthly maintenance costs to determine the best way to budget these costs in the future. They have collected the following data for the last six months:

Month	Machine Hours	Maintenance Costs
January	34,500	$71,000
February	46,000	85,500
March	43,000	75,400
April	44,200	79,000
May	48,800	85,000
June	40,250	72,800

Using the high-low method and the Willco data above, what is the approximate fixed cost component of the monthly maintenance costs? (Round your intermediate calculations to 3 decimal places.)

rev: 12_12_2014_QC_CS-1655

$37,225

$38,671

$40,139

$38,856

$27,494