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Delivery Dudes Services has the collected the following information about operating expenditures for its delivery trucks for the past five years: Year Miles Operating Costs
Delivery Dudes Services has the collected the following information about operating expenditures for its delivery trucks for the past five years:
Year | Miles | Operating Costs |
2013 | 45,000 | $185,000 |
2014 | 60,000 | $200,000 |
2015 | 40,000 | $170,000 |
2016 | 55,000 | $195,000 |
2017 | 75,000 | $215,150 |
Using the high-low method, what would be the estimated operating costs for 2018 at an activity level of 50,000 miles?
$197,400
$187,500
$182,900
$202,200
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