Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level....
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Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 10,000 $17,000 February 8,000 13.500 March 9.000 14,400 April 7,000 12.500 Compute the variable and fixed cost elements using the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25.) Variable cost $ per mile Fixed cost $ Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 10,000 $17,000 February 8,000 13.500 March 9.000 14,400 April 7,000 12.500 Compute the variable and fixed cost elements using the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25.) Variable cost $ per mile Fixed cost $
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