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DO not use excel to solve the question. Thank you. (B) VLC Company wants to determine a fuel surcharge to add to its customers' bills
DO not use excel to solve the question. Thank you.
(B) VLC Company 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. VLC Company has the following data available. Month Miles driven Total operating costs January 16,200 Tk.22,650 February 17,000 Tk.23,250 March 20,000 Tk.25.000 April 16,500 Tk.22,875 May 17,400 Tk.23,550 June 15,000 Tk.22,000 Requirement: Using the high-low method, determine the monthly operating costs if VLC Company drives 21,000 miles in a month will be (Round any intermediary calculations to the nearest cent.)Step by Step Solution
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