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The Heartland Delivery Service has the following information about its truck fleet miles and operating costs: Year Miles Operating Costs 2015 125,000 $80,000 2016 150,000
The Heartland Delivery Service has the following information about its truck fleet miles and operating costs:
Year
Miles
Operating Costs
2015
125,000
$80,000
2016
150,000
$87,500
2017
175,000
$105,000
What is the best estimate of fixed costs for fleet operating expenses in 2017 using the high-low method?
- $50,000
- $17,000
- $17,500
- $25,000
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