Pesaveno Company accumulates the following data concerning a mixed cost, using miles as the activity…
Pesaveno Company accumulates the following data concerning a mixed cost, using miles as the activity level.
Miles
Driven
Total
Cost
Miles
Driven
Total
Cost
January
8,000
$14,150
March
8,500
$15,000
February
7,500
13,600
April
8,200
14,490
Compute the variable and fixed cost elements using the high-low method.