Deines Company accumulates the following data concerning a mixed cost, using miles as the activity level.
|
Miles Driven |
Total Cost |
Miles Driven |
Total Cost |
||
|
January |
8,000 |
$14,150 |
March |
8,500 |
$15,000 |
|
February |
7,500 |
13,600 |
April |
8,200 |
14,490 |
Compute the variable and fixed cost elements using the high low method. (Round variable costs per mile to 2 decimal places, e.g. 10.50.)
|
Variable costs per mile |
$ |
|
Fixed costs |