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Use the Hi-Lo Method to determine variable cost and fixed cost for Thomas Transportation. Month Mileage Total Cost July 15,500 $9,300 August 15,000 $9,000 September

Use the Hi-Lo Method to determine variable cost and fixed cost for Thomas Transportation.

Month Mileage Total Cost

July 15,500 $9,300

August 15,000 $9,000

September 18,000 $10,200

October 16,600 $9,800

What is the variable cost?

What is the fixed cost?

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