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 Term Offered Total Cost Fall, last year 4 $ 10,000 Winter, last year 6 $ 14,000 Summer, last year 2 $ 7,000 Fall, this year 5 $ 13,000 Winter, this year 3 $ 9,500 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.