Question
Speedy Couriers documented the miles driven and total vehicle costs for the past five months as follows: Number of miles Total vehicle costs January 800
Speedy Couriers documented the miles driven and total vehicle costs for the past five months as follows:
|
| Number of miles | Total vehicle costs |
| January | 800 | $1095 |
| February | 1000 | 1440 |
| March | 750 | 1200 |
| April | 900 | 1380 |
| May | 1100 | 1410 |
Using the high/low method, what is the cost equation to predict total vehicle costs?
| a. | Y = $52.50 + $1.67x |
| b. | Y = $255 + $1.05x |
| c. | Y = $285 + $1.725x |
| d. | Y = $750 + $0.60x |
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Auditing In The Public Sector Efficiency Economy And Program Results
Authors: James L. Savage, Felix Pomeranz, Alfred J. Cancellieri, Joseph B. Stevens
1st Edition
0882621238, 978-0882621234
