Mace Company accumulates the following data concerning a mixed cost
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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