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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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