• Elite Education Services is reviewing its costs related to the number of students enrolled in its courses.
• Data Overview:
  • Term 1: Total Costs: $100,000, Students Enrolled: 500
  • Term 3: Total Costs: $150,000, Students Enrolled: 750
• Required Analysis:
  • Use the High-Low Method to determine the variable cost per student and fixed costs.
  • Develop a cost equation.
  • Estimate the total costs for 1,000 students.
  • Discuss the cost implications of offering online courses to increase enrollment.