Question: Use the Hi-Lo Method to determine variable cost and fixed cost for Thomas Transportation . Month

Use the Hi-Lo Method to determine variable cost and fixed cost for Thomas Transportation.

Month                          Mileage                Total Cost

July                                15,500                      $9,300

August                         15,000                       $9,000

September                 18,000                       $10,200

October                      16,600                        $9,800




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