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Blossom Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven January 7,990 February 7,485 (a1) Total Cost $14,100 March 13,468 April Miles Driven Variable cost per mile $ 8,490 8,190 Total Cost $14,875 14,485 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)

Blossom Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven January 7,990 February 7,485 (a1) Total Cost $14,100 March 13,468 April Miles Driven Variable cost per mile $ 8,490 8,190 Total Cost $14,875 14,485 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Blossom Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven (a1) January February 7,485 Total Cost 7,990 $14,100 March 13,468 April Miles Driven Variable cost per mile $ 8,490 8,190 Total Cost $14,875 14,485 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)
Transcribed Image Text:Blossom Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven (a1) January February 7,485 Total Cost 7,990 $14,100 March 13,468 April Miles Driven Variable cost per mile $ 8,490 8,190 Total Cost $14,875 14,485 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)
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