Really Fast Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years:

-What is the best estimate of total operating expenses for 2018 using the high-low method based on total expected miles of 60,000?
A) $192,900
B) $195,000
C) $196,000
D) $201,000

Question

Really Fast Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years:
 
-What is the best estimate of total operating expenses for 2018 using the high-low method based on total expected miles of 60,000?
A) $192,900 
B) $195,000 
C) $196,000 
D) $201,000

Quizplus · Accepted Answer

$115,500 + (60,000 x $1.29) = $192,900

Really Fast Delivery Services Has the Collected the Following Information