pvn.2 Blossom Company accumulates the following data concerning a mixed cost, using miles as the activity level.MilesDriven(a1)JanuaryFebruary 7,485TotalCost7,990 $14,100 March13,468 AprilMilesDrivenVariable cost per mile $8,4908,190TotalCost$14,87514,485Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)

VARIABLE COST Variable Cost is a cost that varies with the level of output.Variable costs include…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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