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
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Financial Accounting An Introduction to Concepts, Methods and Uses
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
14th edition
978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023
