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Brief Exercise 18-4 Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven

Brief Exercise 18-4 Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level.
Miles Driven Total Cost Miles Driven Total Cost
January 8,000 $14,150 March 8,500 $15,000
February 7,500 13,500 April 8,200 14,490
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 $
Compute the fixed cost elements using the high-low method.
Fixed costs

$

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