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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
What is the best estimate of total operating expenses for 2018 using the high-low method based on total expected miles of 60,000?
A. $192,900
B. $195,000
C. $196,000
D. $201,000
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