Able Transport operates a tour bus that they lease with terms that involve a fixed fee each
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Able Transport operates a tour bus that they lease with terms that involve a fixed fee each month plus a charge for each mile driven. Able Transport drove the tour bus 4,000 miles and paid a total of $1,250 in March. In April, they paid $970 for 3,000 miles. What is the variable cost per mile if Able Transport uses the high-low method to analyze costs?
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Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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