Compute the variable cost per mile using the high-low method

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


Miles Driven

Total Cost


Miles Driven

Total Cost

January

8,000

$14,150

March

8,500

$15,000

February

7,500

13,500

April

8,200

14,490

Compute the variable cost per mile using the high-low method.

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

Reference no: EM132072888

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