Question 12 (4 points) Following are total costs and total courses offered at a given business school over the past 12 years. Year Courses Costs 675.000 1 260 2 250 3 300 275 650,000 695,000 775,000 750,000 600.000 625,000 550,000 280 6 + L N 00 a 260 175 240 575.000 230 10 11 12 625,000 675,000 715,000 235 250 245 For the coming year, the business school plans to offer 320 courses. The accountant at the business school believes courses offered is the cost driver for business school costs. Using the high-low method, estimate the expected cost of offering 320 courses. (Round your answer to the nearest dollar amount. Please provide only numerical values in the space provided.) Your Answer: Answer Question 13 (4 points) A firm produces three products: P1, P2 and P3 each having a demand for 100 units every month. For the coming month, it expects to have 300 machine hours. Based on the available machine hours, it has developed the following production plan for the coming month: P1 P3 2 1 Machine hours/unit CM/Machine hour Optimal Production Demand 18 100 100 P2 1.5 20 100 100 NN 25 100 If the firm increases machine hours by 26 at a fixed cost of $80 per month, by how much will the firm profits for the coming month increase if the firm can change its production plan based on the increased availability of machine hours? (Round your answer to the nearest dollar amount. Hint: Increase in Profits will equal the increase in contribution from the increased machine hours less the fixed cost incurred to increase machine hours). Your