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.
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Order Paper NowMONTH———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.
