Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level.                        Miles         Total                                Miles            Total                      Driven         Cost                                Driven         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

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level.

                       Miles         Total                                Miles            Total

                     Driven         Cost                                Driven         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

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