Pesaveno Company accumulates the following data concerning a mixed cost, using miles as the activity level.
|
| Miles | Total | Miles | Total | |
| January | 8,000 | $14,150 | March | 8,500 | $15,000 |
| February | 7,500 | 13,600 | April | 8,200 | 14,490 |
Compute the variable and fixed cost elements using the high-low method.
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