Question: the answer is correct? please help me, I need to pass this class :( 1. Dollywood Corporation accumulates the following data concerning a mixed cost,

1. Dollywood Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January 10,000 $15,000 March 9,000 $12,500 February 8,000 $14,500 April 7,500 $12,000 Instructions Compute the variable and fixed cost elements using the high-low method. Compute the variable and fixed cost elements using the high-low method. Variable cost = Total cost at highest miles driven - Total costs at lowest miles driven Highest miles driven - Lowest miles driven driven - Lowest miles driven = ($15,000-$12,000) (10,000 - 7,500) = $1.20 per miles drive Fixed costs = {Total costs for highest miles driven - (Number of miles driven x Variable costs per miles drive)? = ($15,000 - (10,000 x $1.20) =3,000
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