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Crane Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven 11,300 Fixed Cost 9,300 10,300 8,300 Variable Cost $ Total Cost Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, e.g. 52.7- $ $29,890 $27,500 $25,500 $25,000 per mile

Crane Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven 11,300 Fixed Cost 9,300 10,300 8,300 Variable Cost $ Total Cost Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, e.g. 52.7- $ $29,890 $27,500 $25,500 $25,000 per mile

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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Crane Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven Variable Cost Fixed Cost 11,300 9,300 10,300 8,300 Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, e.g. 52.7 $ Total Cost $ $29,890 $27,500 $25,500 $25,000 per mile
Transcribed Image Text:Crane Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven Variable Cost Fixed Cost 11,300 9,300 10,300 8,300 Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, e.g. 52.7 $ Total Cost $ $29,890 $27,500 $25,500 $25,000 per mile
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