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Compute the variable and fixed cost elements

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

Miles Driven Total Cost

January 10,000 $16,500

February 8,000 $14,500

March 9,000 $12,500

April 7,000 $12,000

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

Reference no: EM132276493

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