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Ivanhoe Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 13,000 $31,950 February
Ivanhoe Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 13,000 $31,950 February 11,000 28,500 March 12,000 29.100 April 10,000 27,000 Compute the variable and fixed cost components using the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25.) Variable cost $ Fixed cost per mile
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