Flint Theater Company is interested in estimating fixed and variable costs. The following data are available: Month Cost No. of Tickets Sold January February March April May 19.900 22.100 25.900 27.800 28.300 June $157,620 187.920 212.120 214,320 207.120 192.720 231,460 162.160 174.060 190.260 179.560 195.060 July August September October 23.400 34.100 21.600 23.100 28.100 23.400 31.800 November December (a) Your Answer Correct Answer Your answer is correct. Use the high-low method to estimate fixed cost per month and variable costs per ticket sold [i.e., estimate a and b in the equation Cost = a + (bx # of tickets) using the high-low method). (Round variable cost per ticket to 2 decimal places, eg. 15.25 and other answer to O decimal places, eg. 125.) Cost $ 54140 $ 5.20 x # of tickets sold (b) Your Answer Correct Answer Flint Theater Company is considering an advertising campaign that is expected to increase annual sales by 16,400 tickets. Assume that the ticket selling price is $29. Ignoring the cost of the advertising campaign, what is the expected increase in profit associated with the advertising campaign? Increase in profit $