Question
High-Low Cost Estimation Assume the local YRC Worldwide delivery service hub has the following information available about fleet miles and operating costs: Year Miles Operating
High-Low Cost Estimation Assume the local YRC Worldwide delivery service hub has the following information available about fleet miles and operating costs:
| Year | Miles | Operating Costs |
|---|---|---|
| Year 1 | 695,000 | $219,500 |
| Year 2 | 855,000 | 267,500 |
Use the high-low method to develop a cost-estimating equation for total annual operating costs.
Total annual costs = $Answer
+ $Answer
X
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
