Bruno Group accumulates the following data concerning a mixed cost, using kilometers as the activity level. Compute

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Bruno Group accumulates the following data concerning a mixed cost, using kilometers as the activity level.

Kilometers Total Kilometers Driven Total Cost Cost Driven January March 8,000 7,500 €14,150 8,500 8,200 €15,000 14,4

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

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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

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

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Question Posted: Jul 18, 2019 08:48 AM

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Bruno Group accumulates the following data concerning a mixed cost, using kilometers as the activity level. Compute

Question:

Kilometers Total Kilometers Driven Total Cost Cost Driven January March 8,000 7,500 €14,150 8,500 8,200 €15,000 14,490 February 13,500 April

Step by Step Answer:

High Low Difference 15000 13500 1500 8500 7500 1000 15...View the full answer

Accounting Principles

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