Chapter 6A: High Low Method of Determining Mixed Costs

The management of Donaldson Corporation provides training seminars in personal development and time management. The company is relatively new and is seeking information regarding their cost structure. The following information has been gathered since the inception of the business in January of the current year:

		Seminars Offered	Cost 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:

Estimate the variable cost per seminar and the fixed cost per seminar using the high-low method. Give me the end equation with your calculated variables. Show your work!