Answered: In applying the high-low method, what…

In applying the high-low method, what is the fixed cost? Month Miles Total Cost January 80000 $142000 February 54000 120000 March 70000 138000 April 84000 140000

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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Question

In applying the high-low method, what is the fixed cost?

Month	Miles	Total Cost
January	80000	$142000
February	54000	120000
March	70000	138000
April	84000	140000

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