pspeuugeK Wileyplus.com/edugen/student/mainfr.uni Kimmel, Accounting, 6e actice

Question

pspeuugeK Wileyplus.com/edugen/student/mainfr.uni Kimmel, Accounting, 6e actice Gradebook ORION Downloadable eTextbook nment me: 08124 PM/ Remaining 38 min. Question 1 In applying the high-low method, what is the unit variable cost? Month Miles Iotal Cost January 78000 $132000 February 54000 110000 March 68000 128000 Aprill 94000 160000 $1.70 $1.25 $2.04 Cannot be determined from the information given. Click if you would like to Show Work for this question: Doen Sshewodks Question a stun re to search O 9

Explanation / Answer

Answer is $ 1.25 per mile Explanation: At high activity, Miles 94000, total cost: 160,000 At low activity, Miles 54000, Total cost: 110,000 Variable cost per unit: Change in Cost/ Change in miles (160,000-110,000) / (94,000-54,000) = $ 1.25 per mile

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