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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
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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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.)
Transcribed Image Text: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.)
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