Question
Dollywood Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles DrivenTotal Cost January10,000$16,500February8,000$14,500March9,000$12,500April7,000$12,000 Compute the variable and fixed
Dollywood Corporation accumulates the following data concerning a mixed cost, using miles as the activity level.
Miles DrivenTotal CostJanuary10,000$16,500February8,000$14,500March9,000$12,500April7,000$12,000
Compute the variable and fixed cost elements using the high-low method. (Round variable cost answer to 2 decimal places, e.g. 52.75.)
Variable Cost$ per mileFixed Cost$
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
