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Exercise 1 of 6: The Ensign Company provided the following data: January February Miles Driven 10,000 8,000 Total Cost $16,500 Miles Driven Total Cost March
Exercise 1 of 6: The Ensign Company provided the following data: January February Miles Driven 10,000 8,000 Total Cost $16,500 Miles Driven Total Cost March $14,500 April 9,000 7,000 $12,500 $12,000 Instructions: Using the Hi-Lo method, calculate the variable and fixed cost components. (4 min.) Duration for solving: (4-6 min.)
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