Question: Please Help. Thank you! Problem 2 (15 points) Calculate the Variable and Fixed cost using the high low method. Total costs January 70,000.00 Feb. $

Please Help. Thank you!

Please Help. Thank you! Problem 2 (15 points) Calculate the Variable and

Problem 2 (15 points) Calculate the Variable and Fixed cost using the high low method. Total costs January 70,000.00 Feb. $ 100,000.00 March $ 78,000.00 April $ 85,000.00 May $ 90,000.00 Total Miles 2,000 5,000 2,500 2,700 4,000 A) What is the variable costs per mile? Total costs Total Miles High Month Low Month Difference V.C. = B) What is the fixed cost per month? High Low Total Costs Less Variable Costs = Fixed Costs C) What is the relevant range? D) What is the cost formula? E) What is the predicted total costs for 3,000 miles

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