Bruno Company accumulates the following data converning a mixed cost, using miles as the activity level.
... XXXXXXXXXXMiles Driven.. XXXXXXXXXXTotal Cost
January XXXXXXXXXX,000...................................$14,150
February XXXXXXXXXX,500...................................$13,500
March XXXXXXXXXX,500.................................. $15,000
April XXXXXXXXXX,200................................. $14,490
Compute the variable - and fixed-cost elemts using the high-low method.
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