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Oriole Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 11,000 $21,650 February 9,000

Oriole Co. accumulates the following data concerning a mixed cost, using miles as the activity level.

Miles Driven Total Cost

January 11,000 $21,650

February 9,000 17,300

March 10,000 19,300

April 8,000 17,000

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 $ ___________-per mile

Fixed cost______________

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