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Chigzy Limited has the following information available about fleet miles and operating costs: Year Miles Operating Costs 2017 15,000 160,000 2018 16,000 155,000 2019 20,000
Chigzy Limited has the following information available about fleet miles and operating costs:
Year | Miles | Operating Costs |
2017 | 15,000 | 160,000 |
2018 | 16,000 | 155,000 |
2019 | 20,000 | 180,000 |
From the above data:
(a)What is the total variable cost and total fixed cost element of the operating costs in 2019? (b) If the budget for 2020 predicts a total mileage of 22,000 miles, what will be the predicted total mixed operating cost for the year
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