Variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)
=(225500-180,000)/(85000-50,000)
which is equal to
=$1.30
QUESTION 8 Really Fast Delivery Services has collected the following information about operating expenditures for its...
QUESTION 10 Really Fast Delivery Services has collected the following information about operating expenditures for its delivery truck fleet for the past five years: Year Miles Operating costs 2013 55,000 $195,000 2014 70,000 $210,000 2015 50,000 $180,000 2016 65,000 $205,000 2017 85,000 $225,500 Using the high-low method, what is the cost estimate for fixed costs for 2018? $115,000 $100,000 $115,500 $114,500