Cullumber Corporation accumulates the following data concerning a mixed cost, using miles as the activity level.
Miles Driven Total Cost
January 11,400 $30,920
February 9,400 $28,500
March 10,400 $26,500
April 8,400 $26,000
Compute the variable and fixed cost components using the high-low method. (Round variable cost answer to 2 decimal places, e.g. 52.75.)
Variable Cost
$enter a dollar amount per mile rounded to 2 decimal places per mile Fixed Cost $enter a dollar amount