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Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven January February 7,505 (a1) Total Cost 7,995 $14,145 March 13,498 April Miles Driven Variable cost per mile $ 8,500 8,205 Total Cost $14,891 14,495 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)

Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven January February 7,505 (a1) Total Cost 7,995 $14,145 March 13,498 April Miles Driven Variable cost per mile $ 8,500 8,205 Total Cost $14,891 14,495 Compute the unit variable costs 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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Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven January February 7,505 (a1) Total Cost 7,995 $14,145 March 13,498 April Miles Driven Variable cost per mile $ 8,500 8,205 Total Cost $14,891 14,495 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)
Transcribed Image Text:Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven January February 7,505 (a1) Total Cost 7,995 $14,145 March 13,498 April Miles Driven Variable cost per mile $ 8,500 8,205 Total Cost $14,891 14,495 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)
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