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Harbor Logistics accumulates the following data concerning a mixed cost, using miles driven as the activity level. Month Miles Driven Total Cost ($) January 9,200 $16,750 February 8,100 $15,100 March 9,800 $17,200 April 8,900 $16,000 Compute the variable cost per mile using the high-low method.

Harbor Logistics accumulates the following data concerning a mixed cost, using miles driven as the activity level. Month Miles Driven Total Cost ($) January 9,200 $16,750 February 8,100 $15,100 March 9,800 $17,200 April 8,900 $16,000 Compute the variable cost per mile using the high-low method.

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter10: Cost Analysis For Management Decision Making
Section: Chapter Questions
Problem 9P: Grand Canyon Manufacturing Inc. produces and sells a product with a price of 100 per unit. The...
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Harbor Logistics accumulates the following data concerning a mixed cost, using miles driven as the activity level. Month Miles Driven Total Cost ($) January 9,200 $16,750 February 8,100 $15,100 March 9,800 $17,200 April 8,900 $16,000 Compute the variable cost per mile using the high-low method.
Transcribed Image Text:Harbor Logistics accumulates the following data concerning a mixed cost, using miles driven as the activity level. Month Miles Driven Total Cost ($) January 9,200 $16,750 February 8,100 $15,100 March 9,800 $17,200 April 8,900 $16,000 Compute the variable cost per mile using the high-low method.
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