Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level.
|
Miles driven Don't use plagiarized sources. Get Your Custom Essay on
compute the variable fixed cost elements using the high low method 608930
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|
Total Cost |
Miles driven |
Total Cost |
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|
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.
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