Required information [The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the department's cost records, Professor Morton has found the following total cost associated with Finance 101 over the last five terms: Number of Sections Offered Total Cost Term Fall, last year Winter, last year Summer, last year Fall, this year Winter, this year $ 13,000 $ 7,000 14,000 10,000 $ 7,500 Professor Morton knows that there are some variable costs, such as amounts paid to graduate assistants, associated with the course. He would like to have the variable and fixed costs separated for planning purposes Using the least-squares regression method, estimate the variable cost per section and the total fixed cost per term for Finance 101. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Fixed cost per term Variable cost per section Express these estimates in the form Y = a + bX. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Assume that because of the small number of sections offered during the Winter Term this year, Professor Morton will have to offer ten sections of Finance 101 during the Fall Term. Compute the expected total cost for Finance 101. (Round intermediate calculations and final answers to the nearest whole dollar amount.) Fixed cost Variable cost Total expected cost $