High-Low Cost Estimation Assume the local DHL delivery service hub has the following information available about...
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High-Low Cost Estimation Assume the local DHL delivery service hub has the following information available about fleet miles and operating costs: Year Miles Operating Costs 2006 560,000 2007 688,000 $177,000 209,000 Use the high-low method to develop a cost-estimating equation for total annual operating costs. (Let X = annual fleet miles.) Total annual costs = $ X + $ 0.25 X High-Low Cost Estimation Assume the local DHL delivery service hub has the following information available about fleet miles and operating costs: Year Miles Operating Costs 2006 560,000 2007 688,000 $177,000 209,000 Use the high-low method to develop a cost-estimating equation for total annual operating costs. (Let X = annual fleet miles.) Total annual costs = $ X + $ 0.25 X
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