Rock field Company accumulates the following data concerning a mixed cost, using miles as the activity level. Month Miles Driven Total Cost July 9,200 $15,800 August 8,700 $14,950 September 9,600 $16,100 October 9,400 $15,900 Compute the variable and fixed cost elements using the high-low method.

Rock field Company accumulates the following data concerning a mixed cost, using miles as the activity level. Month Miles Driven Total Cost July 9,200 $15,800 August 8,700 $14,950 September 9,600 $16,100 October 9,400 $15,900 Compute the variable and fixed cost elements using the high-low method.

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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Get correct solution this accounting question

Rock field Company accumulates the following data concerning a
mixed cost, using miles as the activity level.
Month
Miles Driven Total Cost
July
9,200
$15,800
August 8,700
$14,950
September 9,600
$16,100
October 9,400
$15,900
Compute the variable and fixed cost elements using the high-low
method.

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