Cullumber Co. accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven 12,800 Fixed cost 10,800 11,800 Save for Later 9,800 Variable cost $ Compute the variable and fixed cost components using the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25.) Total Cost $ $30,920 27,380 28,120 26,000 per mile Attempts: 0 of 1 used Submit Answer

Cullumber Co. accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven 12,800 Fixed cost 10,800 11,800 Save for Later 9,800 Variable cost $ Compute the variable and fixed cost components using the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25.) Total Cost $ $30,920 27,380 28,120 26,000 per mile Attempts: 0 of 1 used Submit Answer

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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