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Sheridan Corporation accumulates the following data concerning a mixed com, using miles as the activity level. Miles Driven Total Cost January 11,800 $35,040 4
Sheridan Corporation accumulates the following data concerning a mixed com, using miles as the activity level. Miles Driven Total Cost January 11,800 $35,040 4 February 9,800 $32,500 March 10,800 $30,500 April 8,800 $30,000 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 $ Fixed Cost $ per mile
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