Able Transport operates a tour bus that they lease with terms that involve a fixed fee each

Question:

Able Transport operates a tour bus that they lease with terms that involve a fixed fee each month plus a charge for each mile driven. Able Transport drove the tour bus 4,000 miles and paid a total of $1,250 in March. In April, they paid $970 for 3,000 miles. What is the variable cost per mile if Able Transport uses the high-low method to analyze costs?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: