Vehicle Registration Depreciation Vehicle Miles Insurance Fees Fuel (Shed & Vehicles) Maintenance Driven Q1 $1,900 $1,100 $3,120 $5.400 $2,304 24,000 Q2 1,900 1,100 3,640 5,400 2,436 28,000 Q3 1,900 1,100 2,990 5.400 2,048 23,000 1,900 1,100 3,770 5,400 2.504 29,000 (a) Your answer is correct. The accountants planned to use the account analysis method to explain and predict the Fleet Expenses. Based on the info provided, which of the five costs are fixed? Which costs are variable based on miles driven? Which costs are mixed? Vehicle Insurance Fixed cost Registration Fees Fixed cost Fuel Variable cost Depreciation (Shed & Vehicles) Fixed cost Vehicle Maintenance Mixed cost eTextbook and Media Attempts: 2 (b) V Your answer is correct. For any mixed costs, use the high-low method to separate the fixed and variable components, using miles driven as the cost (Round variable cost per unit to 3 decimal places, e.g. 15.256.) Y - $ 0.076 x +$ 300 eTextbook and Media Attempts: 1 of ( c) Place all of this Fleet Expense information into one final cost function where Y is Total Fleet Expenses, and X is number of m driven. Write out the formula in Y = m(X) + b format. (Round variable cost per unit to 3 decimal places, e.g. 15.256.) Y = $ x +$ eTextbook and Media