MUST SHOW ALL WORK

Fast Eddie's Limo Service operates a fleet of limousines. Management wants to estimate the fixed and variable costs per mile. Fast Eddie collected the following data for his limousine fleet for last month: Limousine Number Costs $3,500 3,400 3,200 3,800 3,500 4,000 3,200 3,000 4,200 3,900 12,400 11,800 10,600 11,500 11,800 13,200 9,800 9,200 11,700 12,300 4 REQUIRED (round answers to nearest dollar) Use the high-low method to estimate the fixed and variable portions of overhead based or miles driven What is the estimated total cost of driving one limousine 14,000 miles? What is the estimated total cost of driving one limousine 11,800 miles? a. b. c