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Crane Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 12,400 $41,220 February 10,400
Crane Corporation accumulates the following data concerning a mixed cost, using miles as the activity level.
Miles Driven Total Cost
January 12,400 $41,220
February 10,400 $38,500
March 11,400 $36,500
April 9,400. $36,000
Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, e.g. 52.75.)
Variable Cost $ _________ per mile
Fixed Cost $ ___________-
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