Question: In applying the high-low method, what is the unit variable cost? Month Miles Total Cost January 80,000 $192,000 February 50,000 160,000 March 70,000 188,000 April

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

Month Miles Total Cost

January 80,000 $192,000

February 50,000 160,000

March 70,000 188,000

April 90,000 260,000

a. $2.88

b. $2.50

c. $3.20

d. Cannot be determined from the information given.

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