Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Total Driven Cost January 8,005 $14,170 March 8,500 $14,790 February 7,500 13,490 April 8,200 14,485 (a1) Compute 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 per mile +A $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level.
Miles
Driven
Total
Cost
Miles
Total
Driven
Cost
January
8,005 $14,170 March
8,500 $14,790
February
7,500
13,490
April
8,200
14,485
(a1)
Compute 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 per mile
+A
$
Transcribed Image Text:Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Total Driven Cost January 8,005 $14,170 March 8,500 $14,790 February 7,500 13,490 April 8,200 14,485 (a1) Compute 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 per mile +A $
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