Question
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 2009 110,000 $390,000 2010 140,000 $420,000 2011 100,000 $360,000 2012 130,000 $410,000 2013 170,000 $450,000
Using the high-low method, what is the cost estimate for variable costs for 2014? $1.29
$2.00
$1.60
$1.50
| Year | Miles | Operating Costs |
| 2009 | 110,000 | $390,000 |
| 2010 | 140,000 | $420,000 |
| 2011 | 100,000 | $360,000 |
| 2012 | 130,000 | $410,000 |
| 2013 | 170,000 | $450,000 |
| $1.29 |
| $2.00 |
| $1.60 |
| $1.50 |
1 points
QUESTION 11
- Really Fast Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years:
Using the high-low method, what is the cost estimate for fixed costs for 2014?Year Miles Operating Costs 2009 110,000 $390,000 2010 140,000 $420,000 2011 100,000 $360,000 2012 130,000 $410,000 2013 170,000 $450,000 $200,000
$140,000
$210,000
$230,700
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 |
| 2009 | 110,000 | $390,000 |
| 2010 | 140,000 | $420,000 |
| 2011 | 100,000 | $360,000 |
| 2012 | 130,000 | $410,000 |
| 2013 | 170,000 | $450,000 |
Using the high-low method, what is the cost estimate for variable costs for 2014?
| $1.29 |
| $2.00 |
| $1.60 |
| $1.50 |
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
