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Septa Bus Company Accumulates the Following Data Concerning a Mixed

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Septa Bus Company accumulates the following data concerning a mixed cost, using miles as the activity level. Septa Bus Company accumulates the following data concerning a mixed cost, using miles as the activity level. Required: a. Using the high-low method, determine the cost function for total costs using miles driven as a cost driver, separating the cost into its respective variable cost component and fixed cost component. b. Prepare a scatter plot for total costs using miles driven as a cost driver using the graph template below. c. Septa expects that it buses will be driven 12,000 miles in September due to a new route being added. What are the predicted total costs for September? Required:
a. Using the high-low method, determine the cost function for total costs using miles driven as a cost driver, separating the cost into its respective variable cost component and fixed cost component.
b. Prepare a scatter plot for total costs using miles driven as a cost driver using the graph template below. Septa Bus Company accumulates the following data concerning a mixed cost, using miles as the activity level. Required: a. Using the high-low method, determine the cost function for total costs using miles driven as a cost driver, separating the cost into its respective variable cost component and fixed cost component. b. Prepare a scatter plot for total costs using miles driven as a cost driver using the graph template below. c. Septa expects that it buses will be driven 12,000 miles in September due to a new route being added. What are the predicted total costs for September?
c. Septa expects that it buses will be driven 12,000 miles in September due to a new route being added. What are the predicted total costs for September?

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a. To determine the variable cost compon...

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