Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Silver Leadership Centre provides training seminars in personal development and time management. The company is relatively new and management is seeking information regarding the
The Silver Leadership Centre provides training seminars in personal development and time management. The company is relatively new and management is seeking information regarding the Centre's cost structure. The following information has been gathered since the inception of the business in January of the current year:
Seminars offered | Costs incurred | |
January | 10 | $17,000 |
February | 12 | 18,800 |
March | 15 | 20,900 |
April | 19 | 23,800 |
May | 18 | 24,000 |
June | 13 | 19,400 |
Required: Using the high-low method, estimate the variable cost per seminar and the total fixed cost per month.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started