Estimate the variable cost per title printed and the fixed cost per month using the high-low method.

Furlan Printing Corporation, a book printer, has provided the following data: Month Titles Printed Press Setup Cost May 40 $ 6,649 June 38 $ 6,438 July 25 $ 5,307 August 28 S 5.564 September 33 $ 6,030 October 27 $ 5,505 November 39 $ 6,551 December 36 $6.275 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.) Required: Estimate the variable cost per title printed and the fixed cost per month using the high-low method