Question
The Apollo Delivery Service has the following information about its truck fleet miles and operating costs: Year Miles Operating Costs 2011 250,000 $160,000 2012 300,000
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The Apollo Delivery Service has the following information about its truck fleet miles and operating costs:
Year Miles Operating Costs 2011 250,000 $160,000 2012 300,000 $175,000 2013 350,000 $210,000
What is the best estimate of fixed costs for fleet operating expenses in 2014 using the high-low method? $100,000
$ 35,000
$175,000
$ 50,000
The Apollo Delivery Service has the following information about its truck fleet miles and operating costs:
| Year | Miles | Operating Costs |
| 2011 | 250,000 | $160,000 |
| 2012 | 300,000 | $175,000 |
| 2013 | 350,000 | $210,000 |
| $100,000 |
| $ 35,000 |
| $175,000 |
| $ 50,000 |
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
