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Blossom Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 12,400 $28,860 February
Blossom Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 12,400 $28,860 February 10,400 25,140 March 11,400 26.160 April 9,400 24,000 Compute the variable and fixed cost components using the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25.) Variable cost Fixed cost $ 1.02 per mile 14532
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