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Yellow Corporation plans to determine a fuel surcharge to add to its customers' bills based on the number of miles driven to each area.
Yellow Corporation plans 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 fixed and variable portion of the company's operating costs so it has a better idea of how distance affects these costs. The Company has the following data available. Month January February March April May June Miles driven 16,200 17,000 Total operating costs $22,650 $23,250 IT 18,400 16,500 17,400 15,200 Using the high-low method, calculate the variable cost per mile. $27,650 $22,875 $23,550 $21,850 A. $1.81 B. $1.82 C. $1.50 D. $1.44 ...
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