Question: In applying the high-low method, what is the unit variable cost? Month Miles Total Cost January 76,000 $122,000 February 52,000 110,000 March 66,000 118,000 April

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

Month Miles Total Cost

January 76,000 $122,000

February 52,000 110,000

March 66,000 118,000

April 92,000 160,000

Group of answer choices

$1.74

$1.25

$2.12

cannot be determined from information given.

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