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Determine the cost equation for seminars

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Reference no: EM132565357

The Stephens 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                                       18                                     $23,762

May                                          16                                  $21,800

June                                           13                                  $19,400

Required:

Using the high-low method:

Question A. Calculate the variable cost per seminar

Question B. Calculate fixed cost per month

Question C. Based on the variable cost per seminar and fixed cost per month calculated in A and B above, determine the cost equation for seminars.

Question D. Assume that in July, Stephen's Leadership Centre organized 25 seminars, use the cost equation determined in C above to calculate the total cost

Reference no: EM132565357

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