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Oriole Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 10,500 $21,650 February 8,500

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

Miles Driven

Total Cost

January

10,500 $21,650

February

8,500 $19,500

March

9,500 $17,500

April

7,500 $17,000

Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, e.g. 52.75.)

Variable Cost

$enter a dollar amount per mile rounded to 2 decimal places per mile

Fixed Cost

$enter a dollar amount

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