Question
Answer the following question(s) using the information below. Crystal Clear Water Hauling wants to determine a fuel surcharge to add to its customers' bills based
Answer the following question(s) using the information below.
Crystal Clear Water Hauling wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven to each area. It wants to separate the fixed and variable portion of the truck's operating costs so it has a better idea of how distance affects these costs. Crystal Clear Water Hauling has the following data available.
Month | Miles driven | Total operating costs |
January | 15,900 | $27,500 |
February | 17,300 | $29,910 |
March | 18,500 | $29,830 |
April | 16,100 | $28,600 |
May | 17,100 | $28,800 |
June | 15,500 | $26,830 |
Using the
highminuslow
method for Crystal Clear Water Hauling, the fixed costs in a month are
A. $56,660
B.$3,000.
C.$11,330.
D.$18,500.
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