Compute the fixed cost elements using the high-low method.

Sandhill Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven 8,015 7,500 Total Cost $14,120 13,505 Miles Driven 8,500 8,205 Total Cost $15,155 14,485 January February March April (11) Your answer is correct. Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile $ 1.65