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compute the variable fixed cost elements using the high low method 608930

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

8,000

$14,150

March

8,500

$15,000

February

7,500

13,500

April

8,200

14,490

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

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