In applying the high-low method, what is the unit variable cost? Month Miles Total Cost January 76000 $122000 February 52000   110000 March 66000   118000 April 84000   150000   $1.79. $1.25. $2.12. Cannot be determined from the information given.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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In applying the high-low method, what is the unit variable cost?

Month Miles Total Cost
January 76000 $122000
February 52000   110000
March 66000   118000
April 84000   150000

 

$1.79.
$1.25.
$2.12.
Cannot be determined from the information given.
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