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Pharoah Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January
Pharoah Company accumulates the following data concerning a mixed cost, using miles as the activity level.
Miles Driven | Total Cost | Miles Driven | Total Cost | |||||||
January | 7,990 | $14,155 | March | 8,490 | $14,589 | |||||
February | 7,500 | 13,500 | April | 8,205 | 14,495 |
Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.)
Variable cost per mile | $ |
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