Please help me with correct answer thanku Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, eg 2.25.)Variable cost per mileeTextbook and Media$x Your answer is incorrect.Fixed costsCompute the fixed cost elements using the high-low method.120002150 Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level.Miles TotalDriven Cost8,000 $14,150 March13,500AprilJanuaryFebruary 7,500x Your answer is incorrect.MilesDrivenVariable cost per mile8,5008,200TotalCost$15,000Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, eg. 2.25.)1200014,490

High low method is one of the method used for cost estimation. Under this, total fixed costs and…

Question 3 0113 Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, eg 2.25) Variable cost per mile eTextbook and Media $ x Your answer is incorrect. Fixed costs Compute the foxed cost elements using the high-low method. 12000 2150

Question 3 0113 Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, eg 2.25) Variable cost per mile eTextbook and Media $ x Your answer is incorrect. Fixed costs Compute the foxed cost elements using the high-low method. 12000 2150

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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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Please help me with correct answer thanku

Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, eg 2.25.)
Variable cost per mile
eTextbook and Media
$
x Your answer is incorrect.
Fixed costs
Compute the fixed cost elements using the high-low method.
12000
2150

Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level.
Miles Total
Driven Cost
8,000 $14,150 March
13,500
April
January
February 7,500
x Your answer is incorrect.
Miles
Driven
Variable cost per mile
8,500
8,200
Total
Cost
$15,000
Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, eg. 2.25.)
12000
14,490

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