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Compute the fixed cost elements using the high-low method

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Question 2 Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level.

Miles Driven Total Cost Miles Driven Total Cost
January 8,010 $11,395 March 8,550 $11,705
February 7,460 10,506 April 8,260 11,555

Compute the variable cost per mile using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.)

Compute the fixed cost elements using the high-low method.

Reference no: EM131821659

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