Sheridan Company accumulates the following data concerning a mixed cost, using miles as the activity level.

		Miles Driven		Total Cost				Miles Driven		Total Cost
January		7,995		$14,200		March		8,510		$14,810
February		7,510		13,510		April		8,195		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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Compute the fixed cost elements using the high-low method.

Fixed costs

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