Furlan Printing Corporation, a book printer, has provided the following data: May June July August September...

 

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Furlan Printing Corporation, a book printer, has provided the following data: May June July August September October November December Titles Printed 31 32 44 26 42 40 41 37 Press Setup Cost $ 3,360 $ 3,393 $ 3,878 $ 3,186 $ 3,797 $ 3,741 $3,743 $ 3,450 Management believes that the press setup cost is a mixed cost that depends on the number of titles printed. (A specific book that is to be printed is called a "title". Typically, thousands of copies will be printed of each title. Specific steps must be taken to setup the presses for printing each title-for example, changing the printing plates. The costs of these steps are the press setup costs.) Variable cost Fixed cost Required: Estimate the variable cost per title printed and the fixed cost per month using the least-squares regression method. (Round the "Variable cost" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.) per title printed per month Furlan Printing Corporation, a book printer, has provided the following data: May June July August September October November December Titles Printed 31 32 44 26 42 40 41 37 Press Setup Cost $ 3,360 $ 3,393 $ 3,878 $ 3,186 $ 3,797 $ 3,741 $3,743 $ 3,450 Management believes that the press setup cost is a mixed cost that depends on the number of titles printed. (A specific book that is to be printed is called a "title". Typically, thousands of copies will be printed of each title. Specific steps must be taken to setup the presses for printing each title-for example, changing the printing plates. The costs of these steps are the press setup costs.) Variable cost Fixed cost Required: Estimate the variable cost per title printed and the fixed cost per month using the least-squares regression method. (Round the "Variable cost" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.) per title printed per month

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