Required information [The following information applies to the questions displayed below.] Fanning Training Services (FTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients' offices on the clients' equipment. The only major expense FTS incurs is instructor salaries; it pays instructors $5,200 per course taught. FTS recently agreed to offer a course of instruction to the employees of Novak Incorporated at a price of $430 per student. Novak estimated that 20 students would attend the course. Base your answers on the preceding information. The instructor has offered to teach the course for a percentage of tuition fees. Specifically, she wants $260 per person attending the class. Assume that the tuition fee remains at $430 per student. f. Is the cost of instruction a fixed or a variable cost? g. Determine the profit, assuming that 20 students take the course. h. Determine the profit, assuming a 10 percent increase in enrollment (i.e., enrollment increases to 22 students). What is the percentage change in profitability? i. Determine the profit, assuming a 10 percent decrease in enrollment (i.e., enrollment decreases to 18 students). What is the percentage change in profitability? Complete this question by entering your answers in the tabs below. Required F Required G Required H Required I Is the cost of instruction a fixed or a variable cost? The cost of instruction is a Variable cost Complete this question by entering your answers in the tabs below. Required F Required G Required H Required I Determine the profit, assuming that 20 students take the course. Profit $ 4,800 Complete this question by entering your answers in the tabs below. Required F Required G Required H Required I Determine the profit, assuming a 10 percent increase in enrollment (i.e., enrollment increases to 22 students). What is the percentage change in profitability? Profit Change in profitability $ 5,280 10% Complete this question by entering your answers in the tabs below. Required F Required G Required H. Required I Determine the profit, assuming a 10 percent decrease in enrollment (i.e., enrollment decreases to 18 students). What is the percentage change in profitability? (Negative amount should be indicated with a minus sign.) Profit Change in profitability $ 4,320 10%