A Problem 2 (15 points) Calculate the Variable and Fixed cost using the high low method. Total Miles Total costs 2,000 January $ 70,000.00 Feb. $ 100,000.00 5,000 March $ 78,000.00 2,500 April $ 85,000.00 2,700 May $ 90,000.00 4,000 LEI A) What is the variable costs per mile? 1 Total copts Total Miles 52 High Month 53 Low Month 64 Difference V.C. 65 66 B) What is the fixed cost per month? 67 High Low 68 Total Costs 69 Less Variable Costs 70=Fixed Costs 71 72 C) What is the relevant range