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Assume RCA Cable Company has the following information available about fleet miles and operating costs for its service department: Year Fleet Miles Operating Costs 2018
Assume RCA Cable Company has the following information available about fleet miles and operating costs for its service department: Year Fleet Miles Operating Costs 2018 123,500 $114,350 2019 181,500 $157,850 Using the high-low method, develop a cost-estimating equation for total annual operating costs.
That is, calculate:
a) the variable cost per mile
b) total fixed costs
c) the total annual cost equation.
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