2 3 The Beryl-Lin Centre provides training sessions 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: 6 9 Question 3 (10 points) Using the high-low method, estimate the variable cost per seminar and the total fixed cost per month. (10 marks) I Team Spirit imprints calendars th college and university names. The company has fixed expenses of $1,035,000 each month plus variable expenses of $3.60 per carton of calendars. Of the variable expense, 70% is cost of goods sold, while the remaining 30% relates to variable operating expenses. Team Spirit sells each carton of calendars for $10.50. The following data (in thousands of dollars) have been taken from the accounting records of Miley Corporation for the year just completed: Sales $870 Purchases of raw materials $110 Direct labour $130 Manufacturing overhead $200 Administrative expenses $160 Selling expenses $140 Raw materials inventory, beginning $ 30 Raw materials inventory, ending $ 60 Work-in-process inventory, beginning $ 50 Work-in-process inventory, ending $ 10 Finished goods inventory, beginning $150 Finished goods inventory, ending $140 al 2 3 The Beryl-Lin Centre provides training sessions 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: 6 9 Question 3 (10 points) Using the high-low method, estimate the variable cost per seminar and the total fixed cost per month. (10 marks) I Team Spirit imprints calendars th college and university names. The company has fixed expenses of $1,035,000 each month plus variable expenses of $3.60 per carton of calendars. Of the variable expense, 70% is cost of goods sold, while the remaining 30% relates to variable operating expenses. Team Spirit sells each carton of calendars for $10.50. The following data (in thousands of dollars) have been taken from the accounting records of Miley Corporation for the year just completed: Sales $870 Purchases of raw materials $110 Direct labour $130 Manufacturing overhead $200 Administrative expenses $160 Selling expenses $140 Raw materials inventory, beginning $ 30 Raw materials inventory, ending $ 60 Work-in-process inventory, beginning $ 50 Work-in-process inventory, ending $ 10 Finished goods inventory, beginning $150 Finished goods inventory, ending $140 al