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Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level Total Miles Miles Total Driven Cost Driven Cost January
Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level Total Miles Miles Total Driven Cost Driven Cost January 7,995 $14,200 March 8,500 $1 11 7,495 8,200 February 13,503 April 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 Fi osts
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