1. 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

1 points

QUESTION 11

1. 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 fixed costs for 2014?

   $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