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(Appendix 2A)CPE for CPAs, Inc. , provides continuing professional education for certified public accountants.The company is relatively new and management is seeking information regarding the company's cost structure.The following information has been gathered for the first six months of the current year: Required:
a.Using the high-low method, estimate the variable cost per seminar and the total fixed cost per month.
b.Using the least-squares regression method, estimate the variable cost per seminar and the total fixed cost per month.
Range
The difference between the highest and lowest values in a dataset, providing a measure of the data's dispersion.
Standard Deviation
An indicator calculating the spread of data around the mean, achieved by the square root of the variance.
Mean
The average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers in the set.
Unimodal
Describing a distribution with a single prominent peak or mode, indicating the most commonly occurring value.
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