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Dollywood Corporation Accumulates the Following Data Concerning a Mixed Cost

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Dollywood Corporation accumulates the following data concerning a mixed cost using miles as the activity level.
 Milles Driven Total Cost Milles Driven Total Cos  January 10,000$16,500 March 9,000$12,500 February 8,000$14,500 April 7,000$12,000\begin{array}{lccccc}&\text { Milles Driven }&\text {Total Cost }&&\text {Milles Driven }&\text {Total Cos }\\\text { January } & 10,000 & \$ 16,500 & \text { March } & 9,000 & \$ 12,500 \\\text { February } & 8,000 & \$ 14,500 & \text { April } & 7,000 & \$ 12,000\end{array} Instructions
Compute the variable and fixed cost elements using the high-low method.


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