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Brief Exercise 11-4 Concord Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Miles Driven Total Cost
Brief Exercise 11-4 Concord Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Miles Driven Total Cost Total Cost $16,240 15,440 January February 7,800 7,300 March April 8,700 8,000 $17,960 16,640 Compute the variable cost per mile using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per mile $ LINK TO TEXT INTERACTIVE TUTORIAL Compute the fixed cost elements using the high-low method. Fixed costs $ Click if you would like to Show Work for this question: Open Show Work
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