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Current Attempt in Progress Ivanhoe Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven Total Cost 11,500 $31.950 9,500 $29,500 10,500 $27,500 8,500 $27,000 Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, eg. 52.75) Variable Cost $ Fixed Cost $ per mile

Current Attempt in Progress Ivanhoe Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven Total Cost 11,500 $31.950 9,500 $29,500 10,500 $27,500 8,500 $27,000 Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, eg. 52.75) Variable Cost $ Fixed Cost $ 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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View Policies Current Attempt in Progress Ivanhoe Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven 11,500 9.500 10,500 8,500 Fixed Cost Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, e.g. 52.75.) Variable Cost $ Total Cost $31,950 $29,500 $27,500 $27,000 S per mile
Transcribed Image Text:View Policies Current Attempt in Progress Ivanhoe Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven 11,500 9.500 10,500 8,500 Fixed Cost Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, e.g. 52.75.) Variable Cost $ Total Cost $31,950 $29,500 $27,500 $27,000 S per mile
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