Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 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. $15,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

8th Edition

9781439044612, 1439044619, 978-1111626822

More Books

Students also viewed these Accounting questions

Question

Why do we forget information?

Answered: 1 week ago