Bruno Company accumulates the following data converning a mixed cost, using miles as the activity level.
... 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 elemts using the high-low method.
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