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Your answer is incorrect. Sunland Co. accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven Variable cost Fixed cost 11,600 9,600 10,600 8,600 $ Total Cost $ $24,740 Compute the variable and fixed cost components using the high-low method. (Round variable cost to 2 decimal places, eg. 15.25.) 20,660 22,240 20,000 per mile

Your answer is incorrect. Sunland Co. accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven Variable cost Fixed cost 11,600 9,600 10,600 8,600 $ Total Cost $ $24,740 Compute the variable and fixed cost components using the high-low method. (Round variable cost to 2 decimal places, eg. 15.25.) 20,660 22,240 20,000 per mile

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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Current Attempt in Progress Your answer is incorrect. Sunland Co. accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven 11,600 Fixed cost 9,600 10,600 8,600 Variable cost $ Compute the variable and fixed cost components using the high-low method. (Round variable cost to 2 decimal places, eg. 15.25.) $ Total Cost Studie $24,740 20,660 22,240 20,000 per mile
Transcribed Image Text:Current Attempt in Progress Your answer is incorrect. Sunland Co. accumulates the following data concerning a mixed cost, using miles as the activity level. January February March April Miles Driven 11,600 Fixed cost 9,600 10,600 8,600 Variable cost $ Compute the variable and fixed cost components using the high-low method. (Round variable cost to 2 decimal places, eg. 15.25.) $ Total Cost Studie $24,740 20,660 22,240 20,000 per mile
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