(Answered) Question - mace company accumulates the following data

Accounting

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

	Miles Driven	Total Cost
January	10,000	$15,000
February	8,000	13,500
March	9,000	14,400
April	7,500	12,500

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

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