Question
Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Miles Total Cost Driven Cost
Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Miles Total Cost Driven Cost January 7,995 $14,145 March 8,500 $14,891 February 7,505 13,498 April 8,205 14,495 (a1) Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile $
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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