Question: In applying the high-low method, what is the unit variable cost? Month Miles Total Cost January 72000 $112000 February 40000 90000 March 62000 108000 April

In applying the high-low method, what is the unit variable cost?

Month Miles Total Cost
January 72000 $112000
February 40000 90000
March 62000 108000
April 90000 150000

$1.67.

$1.20.

$2.25.

Cannot be determined from the information given.

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