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Super Speedy Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years: Year Miles

Super Speedy 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

2016

55,000

$195,000

2017

70,000

$210,000

2018

50,000

$180,000

2019

65,000

$205,000

2020

85,000

$225,150

Using the high-low method, what is the cost estimate for variable costs for 2021?

Select one:

A. $1.29

B. $1.60

C. $2.00

D. $1.50

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