Question
TSuper Company accumulated the following data for a delivery truck. Month Miles Driven Total Cost June 11,860 $20,642 July 12,500 $21,724 August 9,670 $16,940 September
TSuper Company accumulated the following data for a delivery truck.
Month | Miles Driven | Total Cost |
June | 11,860 | $20,642 |
July | 12,500 | $21,724 |
August | 9,670 | $16,940 |
September | 10,190 | $17,819 |
Do not enter dollar signs or commas in the input boxes. a) Using the high-low method, calculate the variable component of the total cost. Round your answer to 5 decimal places. Variable Cost per Unit: $Answer b) Using the high-low method, calculate the fixed component of the total cost. Round your answer to the nearest whole number. Fixed Cost: $Answer c) Calculate the total costs be if 12,550 miles were driven. Round your answer to 2 decimal places. Estimated Total costs: $Answer
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