Deines Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute

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Deines Company accumulates the following data concerning a mixed cost, using miles as the activity level.

Compute the variable and fixed cost elements using the high-low method.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Sep 16, 2011 11:39 AM

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Deines Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute

Question:

Miles Driven 8,000 7,500 Miles Driven 8,500 8,200 Total Total Cost Cost $14,150 March April $15,000 January February 13,600 14,490

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1400 1000 140 x Variable cost per mile High Low Total ...View the full answer

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