Question 3 of 7 0.33 /1 1 : home. But a text from Robert back in the office reminded him to enter his weekly mileage-the accountants needed to finish the company's total fleet expenses for its quarterly income statement-and the performance evaluation meeting was on Monday. Michael was frustrated that his weekend was now going to be delayed because of this data entry business. He wondered why Robert couldn't just use the fuel cost for the income statement. In the end, Michael complied with Robert's request and input his mileage information. Michael's mileage was added to the other vehicles' mileage information, with the quarterly totals listed below. Total fleet expenses on the income statement are a combination of the five costs shown here. Vehicle Registration Depreciation Vehicle Miles Insurance Fees Fuel (Shed & Vehicles) Maintenance Driven Q1 $1,900 $1,100 $3,120 $5,400 $2,304 24,000 Q2 1,900 1,100 3,640 5,400 2,436 28,000 Q3 1,900 1,100 2,990 5,400 2,048 23,000 Q4 1,900 1,100 3,770 5,400 2,504 29,000 (a) V Your answer is correct. The accountants planned to use the account analysis method to explain and predict the Fleet Expenses. Based on the information provided, which of the five costs are fixed? Which costs are variable based on miles driven? Which costs are mixed? Vehicle Insurance Fixed cost Registration Fees Fixed cost Fuel Variable cost Depreciation (Shed & Vehicles) Fixed cost Vehicle Maintenance Mixed cost e Textbook and Media Attempts: 2 of 3 used (b) For any mixed costs, use the high-low method to separate the fixed and variable components, using miles driven as the cost driver. (Round variable cost per unit to 3 decimal places, e.g. 15.256.) Y = $ X + $