Deines Company accumulates the following data concerning a mixed cost, using miles as the

Deines 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 13,600 April 8,200 14,490

Compute the variable and fixed cost elements using the high-low method. (Round variable costs to 2 decimal places, e.g. 2.50.)

Variable costs per mile $
Fixed costs

Solution

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