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 |
What is the best estimate of total operating expenses for 2014 using the high-low method based on total expected miles of 120,000?
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Core Concepts Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0133125947, 9780133125948
