Question: Compute the fixed cost elements using the high-low method. Fixed costs $ eTextbook and Media Current Attempt in Progress Blossom Company accumulates the following data

Compute the fixed cost elements using the high-low method. Fixed costs $ eTextbook and Media Current Attempt in Progress Blossom Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Miles Total Cost Driven Cost January 8,015 $14,175 March February 7,505 8,500 $15,110 13,518 April 8,190 14,495 Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!