Question: Use the high-low method to calculate variable and fixed cost components. A taxi company has the following Operating costs over a six month period Number

Use the high-low method to calculate variable and fixed cost components.

A taxi company has the following Operating costs over a six month period Number of Miles Month Total Costs Driven July $ 17,800 14,250 August 12,400 9,750 September 16,000 13,000 October 15,100 12,500 November 11,500 9,000 December 13,250 10,500

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