Problem
The Stephen Speaks Center provides training seminars in personal development and time management. The company is relatively new and management is seeking information regarding the Center's cost structure. The following information has been gathered since the inception of the business in January of the current year:
|
Month
|
Seminars Offered
|
Costs Incurred
|
|
January
|
10
|
17,000
|
|
February
|
12
|
18,800
|
|
March
|
15
|
20,900
|
|
April
|
18
|
23,762
|
|
May
|
16
|
21,800
|
|
June
|
13
|
19,400
|
A. Using high regression analysis, how much is the variable cost per unit of the company?
B. Using high low method, how much is the variable cost per unit of the company?
C. Using high low method, how much is the annual fixed cost of the company?