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.

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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Description: In applying the high-low method, what is the unit variable cost?MonthMilesTotal CostJanuary76000$122000February52000 110000March66000 118000April84000 150000 $1.79.$1.25.$2.12.Cannot be determined from the information given.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

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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