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Pleasant Pools Inc. has the following shipping costs for the last 6 months. Month...

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Accounting

Pleasant Pools Inc. has the following shipping costs for the last 6 months.

Month Km. cost April. 20,000. $11,000

May. 38,000. $15,000

June 42,000. $20,000

July 40,000 $17,000

August 45,000. $21,000

Sep. 32,000. $18,000 Required:

  1. Using the High Low Method, develop a cost equation for the shipping costs for Pleasant Pools Inc.
  2. Describe what a mixed cost is and explain why this problem demonstrates mixed costs.

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