Bruno company accumulates the following data concerning a mixed cost,

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

 

MONTH———Miles Driven——Total Cost

January———-8,000—————-$14,150

February——–7,500—————-$13,500

March———–8,500—————-$15,000

April————-8,200—————-$14,490

 

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

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