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Exercise 170 Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven 10,000
Exercise 170 Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven 10,000 8,000 9,000 7,000 Total Cost $17,000 13,500 14,400 12,500 Compute the variable and fixed cost elements using the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25.) Variable cost per mile $ Fixed cost $
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