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Sheridan Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven 7,360 6,900 Total Cost $13,000 12,420 Miles

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Sheridan Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven 7,360 6,900 Total Cost $13,000 12,420 Miles Driven 7.820 7,520 March April Total Cost $13,800 13,332 January February (21) Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, eg 225) Variable cost per mile $

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