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Thank you! Johnson Trucking Company wants to determine a fuel surcharge to add to its customers bills based on the number of miles driven to
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Johnson Trucking Company wants to determine a fuel surcharge to add to its customers bills based on the number of miles driven to each area. It wants to separate the fxed and variable portion of the trucks operating costs so it has a better idea of how distance affects these costs Johnson Trucking Company has the following data available. Month January February March April May June Miles driven 16,200 17,000 20,000 16,500 17,400 16,000 Total operating costs $22,650 S23,250 S25,000 S22,875 $23,550 $22,000 Using the high-low method, the foxed costs in a month are (Round any intemediary calculations to the nearest cent) OA. $3,000 O B. $10,000 O C. $47,000 O D. $15,000Step by Step Solution
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