Question: Using the information below and applying the high-low method, what is the fixed cost? Month Miles Total Cost January 80,000 $144,000 February 50,000 120,000 March

Using the information below and applying the high-low method, what is the fixed cost?

Month Miles Total Cost

January 80,000 $144,000

February 50,000 120,000

March 70,000 141,000

April 90,000 180,000

Select one:

a. $ 64,000

b. $ 45,000

c. $135,000

d. $ 75,000

e. $ 70,000

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