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Crane Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 10,400 $18,560 February
Crane Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 10,400 $18,560 February 8,400 14,540 March 9,400 16,360 April 7,400 14,000 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 $ per mile Fixed cost $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
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