Question 9 (Q10)

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	$ 9,000	300,000
June	13,000	550,000
July	22,000	950,000
August	17,000	750,000
September	10,500	400,000

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.