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