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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 $188,500
2014 70,000 $214,000
2015 50,000 $180,000
2016 65,000 $205,500
2017 85,000 $239,500
Using the high-low method, what is the cost estimate for variable costs for 2018?
a. $1.50
b. $1.70
c. $1.29
d. $2.00
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