Pesaveno Company accumulates the following data concerning a mixed cost, using miles as the activity level.
MilesDriven
TotalCost
MilesDriven
TotalCost
January
8,000
$14,150
March
8,500
$15,000
February
7,500
13,600
April
8,200
14,490
Compute the variable and fixed cost elements using the high-low method.