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Furlan Printing Corp., a book printer, has provided the following data: Titles Printed Press Setup Cost May 26 $ 3,180 June 27 $ 3,213 July

Furlan Printing Corp., a book printer, has provided the following data:

Titles Printed Press Setup Cost
May 26 $ 3,180
June 27 $ 3,213
July 39 $ 3,698
August 21 $ 3,006
September 37 $ 3,617
October 35 $ 3,561
November 36 $ 3,563
December 32 $ 3,780

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.)

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