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Really Fast Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years: Year Miles
Really Fast Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years:
Year | Miles | Operating Costs |
2013 | 55,000 | $195,000 |
2014 | 70,000 | $210,000 |
2015 | 50,000 | $180,000 |
2016 | 65,000 | $205,000 |
2017 | 85,000 | $225,150 |
Using the high-low method, what is the cost estimate for variable costs for 2018?
Select one:
A. $1.60
B. $1.50
C. $1.29
D. $2.00
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