Campus 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:

Required
Determine the fixed and variable components of repair expense using the high-low method. Use copies made as the measure of activity. Round cost per copy to two decimal places.

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Copy Machine Month May June July August September Repair Expense 9,000 13,000 22,000 17,000 10,500 Copies Made 300,000 550,000 950,000 750,000 400,000