The following information relates to mixed costs, using miles as the activity level. July August Miles Driven 8,005 7,505 Total Cost $14,195 13,518 September October Miles Driven 8,300 8,200 Total Cost $14,700 14,495 Determine the variable costs per unit using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)

The following information relates to mixed costs, using miles as the activity level. July August Miles Driven 8,005 7,505 Total Cost $14,195 13,518 September October Miles Driven 8,300 8,200 Total Cost $14,700 14,495 Determine the variable costs per unit using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)

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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