Furlan Printing Corp., a book printer, has provided the following data: Titles Printed Press Setup Cost May 26 $ 3,385 June 27 $ 3,418 July 39 $ 3,903 August 21 $ 3,211 September 37 $ 3,822 October 35 $ 3,766 November 36 $ 3,768 December 32 $ 3,380 Management believes that the press setup cost is a mixed cost that depends on the number of titles printed. (A specific book that is to be printed is called a "title". Typically, thousands of copies will be printed of each title. Specific steps must be taken to setup the presses for printing each title-for example, changing the printing plates. The costs of these steps are the press setup costs.) Required: Estimate the variable cost per title printed and the fixed cost per month using the least-squares regression method. (Round the "Variable cost" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.)

Furlan Printing Corp., a book printer, has provided the following data: Titles Printed 26 27 Press Setup Cost $3,385 $3,418 $3,903 $3,211 $ 3,822 $ 3,766 $ 3,768 $3,380 May June July August September October November December 21 35 32 Management believes that the press setup cost is a mixed cost that depends on the number of titles printed. (A specific book that is to be printed is called a "title". Typically, thousands of copies will be printed of each title. Specific steps must be taken to setup the presses for printing each title-for example, changing the printing plates. The costs of these steps are the press setup costs.) Required: Estimate the variable cost per title printed and the fixed cost per month using the least-squares regression method. (Round the "Variable cost" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.) Variable cost Fixed cost $ $ 38.44 per title printed 2,386 per month