AE4-5 High-Low Method [LO 2] 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: Copy Machine Month Repair Expense Copies Made May $9,639 340,200 June 14,175 567,000 July 23,247 1,020,600 August 18,711 793,800 September 11,907 453,600 Determine the fixed and variable components of repair expense using the high-low method. Use copies made as the measure of activity. (Enter variable cost per dollar to 2 decimal places, e.g. 0.52.) Variable repair cost $ __________________ Fixed repair cost $ ______________________ E6-14 Activity-Based Costing [LO 5] The following are six cost pools established for a company using activity-based costing. The pools are related to the company's products using cost drivers. For each of the cost pools, identify a possible cost driver. 1. Inspection of raw materials Dollar value of raw materials Square footage Number of setups Number of inspections Number of receipts Machine hours 2. Production equipment repairs and maintenance Number of receipts Number of setups Machine hours Square footage ollar value of raw materials Number of inspections 3. Raw materials storage Number of inspections Number of setups Dollar value of raw materials Number of receipts Machine hours Square footage 4. Plant heat, light, water, and power Square footage Dollar value of raw materials Number of inspections Number of setups Number of receipts Machine hours 5. Finished product quality control Dollar value of raw materials Square footage Number of setups Number of receipts Number of inspections Machine hours 6. Production line setups Dollar value of raw materials Number of receipts Number of setups Machine hours Square footage Number of inspections