Determine variable-and fixed-cost elements using the high-low method
Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Miles Driven Total CostJanuary 8,000 $14,150 March 8,500 $15,000February 7,500 13,500 April 8,200 14,490* Compute the variable- and fixed-cost elements using the high-low method.
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