Part A: Cost Classification & Behaviour (12 marks) Use this information for Questions 1-4 The Rotman Leadership Centre provides training seminars in managerial accounting to top executives. The company just completed its 6th month of operations and the Dean is seeking information regarding the Centre's cost structure. The following information has been gathered since inception: Month Seminars offered Costs incurred January 10 $17,000 February 12 $18,800 March 15 $20,900 April 18 $23,762 May 46 16 $21,800 June 13 $19,400 Question 1 Using the high-low method, estimate the cost formula. 5 pts Question 2 3 pts Management expects that the demand for the seminars to decrease in the summer given that everyone will be on vacation. What is the estimated total cost for 7 seminars? Question 3 Provide two reasons why your calculation in Part B may be inaccurate. 2 pts Question 4 2 pts Assume that Mgt. Expects 14 seminars in the summer months (July + August). Provide one reason why you cannot use your cost formula at 14 seminars to approximate the costs for the summer