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Cullumber Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Kilometres Driven Total Cost Kilometres Driven Total Cost January
Cullumber Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Kilometres Driven Total Cost Kilometres Driven Total Cost January 8,000 $14,950 March 5,000 $12,130 February 7,780 14,600 April 8,300 16,849 Variable cost $enter the variable cost per kilometre in dollars rounded to 2 decimal places per kilometre (a2) Calculate the fixed cost element using the high-low method.
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