Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Chastain Company accumulated the following data concerning a mixed cost using miles as the activity
level.
Month Miles Total cost
January 40,000 $114,200
February 50,000 $134,000
March 70,000 $181,100
April
60,000 $161,000
Using the high-low method, what does the unit variable cost?
A. $1.91 per mile
B. $2.04 per mile
C. $2.23 per mile
D. $1.61 per mile
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Transcribed Image Text:Chastain Company accumulated the following data concerning a mixed cost using miles as the activity level. Month Miles Total cost January 40,000 $114,200 February 50,000 $134,000 March 70,000 $181,100 April 60,000 $161,000 Using the high-low method, what does the unit variable cost? A. $1.91 per mile B. $2.04 per mile C. $2.23 per mile D. $1.61 per mile
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