Answered: In applying the high-low method, what…

In applying the high-low method, what is the fixed cost? Month Miles Total Cost January 86000 $182000 February 60000 150000 March 78000 178000 April 92000 200000 $22000 $28000 $56250 $32000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

In applying the high-low method, what is the fixed cost?

Month	Miles	Total Cost
January	86000	$182000
February	60000	150000
March	78000	178000
April	92000	200000

$22000

$28000

$56250

$32000

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