Dollywood Corporation accumulates the following data concerning a mixed cost using miles as the activity level.
$\begin{array}{lccccc}
&\text { Milles Driven }&\text {Total Cost }&&\text {Milles Driven }&\text {Total Cos }\
\text { January } & 10,000 & \$ 16,500 & \text { March } & 9,000 & \$ 12,500 \
\text { February } & 8,000 & \$ 14,500 & \text { April } & 7,000 & \$ 12,000
\end{array}$ Instructions
Compute the variable and fixed cost elements using the high-low method.

Question

Dollywood Corporation accumulates the following data concerning a mixed cost using miles as the activity level.
 $\begin{array}{lccccc}
&\text { Milles Driven }&\text {Total Cost  }&&\text {Milles Driven  }&\text {Total Cos }\
\text { January } & 10,000 & \$ 16,500 & \text { March } & 9,000 & \$ 12,500 \
\text { February } & 8,000 & \$ 14,500 & \text { April } & 7,000 & \$ 12,000
\end{array}$ Instructions
Compute the variable and fixed cost elements using the high-low method.

Quizplus · Accepted Answer

The Answer of Dollywood Corporation accumulates the following data concerning a mixed cost using miles as the activity level.
 $\begin{array}{lccccc}
&\text { Milles Driven }&\text {Total Cost  }&&\text {Milles Driven  }&\text {Total Cos }\
\text { January } & 10,000 & \$ 16,500 & \text { March } & 9,000 & \$ 12,500 \
\text { February } & 8,000 & \$ 14,500 & \text { April } & 7,000 & \$ 12,000
\end{array}$ Instructions
Compute the variable and fixed cost elements using the high-low method.

Dollywood Corporation Accumulates the Following Data Concerning a Mixed Cost