Question
Dollywood Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January
Dollywood Corporation accumulates the following data concerning a mixed cost, using miles as the activity level.
|
| Miles Driven | Total Cost |
| Miles Driven | Total Cost |
| January | 10,000 | $16,500 | March | 9,000 | $12,500 |
| February | 8,000 | $14,500 | April | 7,000 | $12,000 |
Instructions
Compute the variable and fixed cost elements using the high-low method
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Digital Transformation In Accounting
Authors: Richard Busulwa, Nina Evans
1st Edition
0367362090, 9780367362096
