Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level.

Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level.

                  Miles Driven    Total Cost

January          10,000       $15,000

February          8,000         13,500

March              9,000         14,400

April                7,500         12,500

Required:

Compute the variable and fixed cost elements using the high-low method.