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The SilverLeadership Centre provides training seminars in personal development and time management. The company is relatively new and management is seeking information regarding the Centre's

The SilverLeadership 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. (6 marks)

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