TSuper Company accumulated the following data for a delivery truck. Month Miles Driven Total Cost 10,710...

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TSuper Company accumulated the following data for a delivery truck. Month Miles Driven Total Cost 10,710 $14,666 12,580 $17,114 9,150 $12,623 10,130 $13,906 June July August September Do not enter dollar signs or commas in the input boxes. a) Using the high-low method, calculate the variable component of the total cost. Round your answer to 5 decimal places. Variable Cost per Unit: $ 1.30933 b) Using the high-low method, calculate the fixed component of the total cost. Round your answer to the nearest whole number. Fixed Cost: $ c) Calculate the total costs be if 12,690 miles were driven. Round your answer to 2 decimal places. Estimated Total costs: $ K TSuper Company accumulated the following data for a delivery truck. Month Miles Driven Total Cost 10,710 $14,666 12,580 $17,114 9,150 $12,623 10,130 $13,906 June July August September Do not enter dollar signs or commas in the input boxes. a) Using the high-low method, calculate the variable component of the total cost. Round your answer to 5 decimal places. Variable Cost per Unit: $ 1.30933 b) Using the high-low method, calculate the fixed component of the total cost. Round your answer to the nearest whole number. Fixed Cost: $ c) Calculate the total costs be if 12,690 miles were driven. Round your answer to 2 decimal places. Estimated Total costs: $ K

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Step 1 The highlow method is a way of attempting to separate out fixed and variable costs given a li... View the full answer