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Wildhorse Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 12,200 $39,160 February 10,200
Wildhorse Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 12,200 $39,160 February 10,200 $36,500 March 11,200 $34,500 April 9,200 $34,000 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 1.85 per mile Fixed Cost 16,060
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