Variable and fixed-cost elements using the high-low method

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Reference no: EM131216763

Bruno Company accumulates the following data concerning a mixed cost, using

miles as the activity level.

Miles Total Miles Total

Driven Cost Driven Cost

January 8,000 $14,150 March 8,500 $15,000

February 7,500 13,500 April 8,200 14,490

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

Reference no: EM131216763

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