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Compute the variable and fixed cost elements

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Reference no: EM132077950

Question - Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level.

Miles Driven

Total Cost

January

10,000

$15,000

February

8,000

13,500

March

9,000

14,400

April

7,500

12,500

Compute the variable and fixed cost elements using the high-low method.

Reference no: EM132077950

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