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The Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Kilometres Driven Total Cost. Kilometres Driven Total Cost January

The Company accumulates the following data concerning a mixed cost, using kilometres as the activity level:

Kilometres Driven Total Cost. Kilometres Driven Total Cost

January 8,000. $14,850 March 4,750 $12,330

February 7,510 14,200 April 8,330 17,342

Calculate the fixed cost element using the high-low method. Ignore the money sign.

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