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Month Miles Transportation Costs $ November 8,500 $11,400 December 10,600 11,600 January 12,700 11,700 February 15,000 12,000 March 20,000 12,640 April 8,000 11,200 Use the
Month | Miles | Transportation Costs $ |
November | 8,500 | $11,400 |
December | 10,600 | 11,600 |
January | 12,700 | 11,700 |
February | 15,000 | 12,000 |
March | 20,000 | 12,640 |
April | 8,000 | 11,200 |
Use the high low method to determine the cost formula for transportation costs. Then, estimate total cost at 10100 miles using the cost formula.
When calculating the variable cost per unit, round your answer to two decimal places before completing your calculations. Do not use dollar signs, commas or decimals in your answer. Input your answer to the nearest whole number.
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