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01 & 02: Waste King uses a fleet of trucks in its business, and wants to know how distance affects these costs. Month Miles driven
01 & 02: Waste King uses a fleet of trucks in its business, and wants to know how distance affects these costs. Month Miles driven Total operating costs January 14,600 $8,100 February 16,500 $8,900 March 14.800 $8,300 April 14,500 $8,200 May 15,500 $8,500 Q1. Using the high-low method, the variable cost per mile.is_ (rounded) A. $1.000 C. 0.350 D. 0.552 E. None of these. Q2. Again using the hi-lo method, the monthly fixed cost is: (rounded) A. $7400 B. 3,125 C. 310.34 D. 21375 E. None of these
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