Question
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
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 |
|---|---|---|
| 2012 | 556,000 | $182,000 |
| 2013 | 684,000 | 214,000 |
Use the high-low method to develop a cost-estimating equation for total annual operating costs. (Let X = annual fleet miles.) Total annual costs = Answer + Answer * X
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The Internal Auditing Pocket Guide
Authors: J. P. Russell
1st Edition
0873895606, 978-0873895606
