Question: Exercise 170 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

Exercise 170 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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