Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In applying the high-low method, what is the fixed cost? Month Miles Total Cost January 72000 $102000 February 44000 80000 March 62000 98000 April 88000
In applying the high-low method, what is the fixed cost?
Month | Miles | Total Cost |
January | 72000 | $102000 |
February | 44000 | 80000 |
March | 62000 | 98000 |
April | 88000 | 130000 |
$30000
$18000
$22000
$32000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started