Bruno 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 |
13,500 |
April |
8,200 |
14,490 |
Compute the variable- and fixed-cost elements using the high-low method.