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 |
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