Estimate the variable cost per seminar

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Question - The Stephens Leadership Centre provides training seminars in personal development and time management. The company is relatively new and management is seeking information regarding the Centre's cost structure. The following information has been gathered since the inception of the business in January of the current year:

 

Seminar 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

Required - Using the high-low method, estimate the variable cost per seminar and the total fixed cost per month.

Reference no: EM133128466

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