Metro Logistics Co. used the high-low method to estimate its delivery costs for the first four months of 2025. The following data was recorded: Month Deliveries Cost January 1,800 $5,600 February 2,200 $6,200 March 2,700 $6,900 April 3,200 $7,500 What is the estimated variable delivery cost component per delivery? (rounded to two decimals)

Metro Logistics Co. used the high-low method to estimate its delivery costs for the first four months of 2025. The following data was recorded: Month Deliveries Cost January 1,800 $5,600 February 2,200 $6,200 March 2,700 $6,900 April 3,200 $7,500 What is the estimated variable delivery cost component per delivery? (rounded to two decimals)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EB: The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method,...

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