Corris Co. accumulates the following data concerning a mixed cost using miles as the activity level. $\begin{array}{lrr}
&\text { Miles Driven }&\text { Total Cost }\
\text { January } & 10,000 & \$ 17,000 \
\text { February } & 8,000 & 13,500 \
\text { March } & 9,000 & 14,400 \
\text { April } & 7,000 & 12,500
\end{array}$ Instructions
Compute the variable and fixed cost elements using the high-low method.

Question

Corris Co. accumulates the following data concerning a mixed cost using miles as the activity level. $\begin{array}{lrr}
&\text { Miles Driven }&\text { Total Cost }\
 \text { January } & 10,000 & \$ 17,000 \
\text { February } & 8,000 & 13,500 \
\text { March } & 9,000 & 14,400 \
\text { April } & 7,000 & 12,500
\end{array}$ Instructions
Compute the variable and fixed cost elements using the high-low method.

Quizplus · Accepted Answer

The Answer of Corris Co. accumulates the following data concerning a mixed cost using miles as the activity level. $\begin{array}{lrr}
&\text { Miles Driven }&\text { Total Cost }\
 \text { January } & 10,000 & \$ 17,000 \
\text { February } & 8,000 & 13,500 \
\text { March } & 9,000 & 14,400 \
\text { April } & 7,000 & 12,500
\end{array}$ Instructions
Compute the variable and fixed cost elements using the high-low method.

Corris Co Accumulates the Following Data Concerning a Mixed Cost Using