Question
The Apollo Delivery Service has the following information about its truck fleet miles and operating costs: Year Miles Operating Costs 2017 500,000 $320,000 2018 600,000
The Apollo Delivery Service has the following information about its truck fleet miles and operating costs:
| Year | Miles | Operating Costs |
| 2017 | 500,000 | $320,000 |
| 2018 | 600,000 | $370,000 |
| 2019 | 700,000 | $420,000 |
What is the best estimate of fixed costs for fleet operating expenses using the high-low method?
Group of answer choices
$200,000
$370,000
$100,000
$70,000
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
