Executive Training, Inc

Essay

Executive Training, Inc., provides a personal development seminar that is popular with many companies. The number of seminars offered over the last five months, along with the total costs of offering these seminars, follows: Required:
a. Using the high-low method, estimate the variable cost per seminar and the total fixed cost per month.
b. Using the least-squares regression method, compute the variable cost per seminar and the total fixed cost per month. (Round off to the nearest whole dollar.)