Employees of Chelsea, a financial consulting firm, often travel to client sites for project meetings. The firms
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Employees of Chelsea, a financial consulting firm, often travel to client sites for project meetings. The firm’s business manager is attempting to better understand the costs associated with the employees’
company cars. Below 1s data for the first four months of the year related to miles incurred and costs associated with the cars, including leases, insurance, maintenance, and gas. Use the high-low method to calculate the fixed costs associated with the company cars.
a. $0.54
b. $3,215 C. $5.000
d. $4,500
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