Really Fast Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years: Year Miles Operating Costs 2009 110,000 $390,000 2010 140,000 $420,000 2011 100,000 $360,000 2012 130,000 $410,000 2013 170,000 $450,000 What is the best estimate of total operating expenses for 2014 using the high- low method based on total expected miles of 120,000?
Really Fast Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years: Year Miles Operating Costs 2009 110,000 $390,000 2010 140,000 $420,000 2011 100,000 $360,000 2012 130,000 $410,000 2013 170,000 $450,000 What is the best estimate of total operating expenses for 2014 using the high- low method based on total expected miles of 120,000?
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Transcribed Image Text:Really Fast Delivery Services has the collected the following information
about operating expenditures for its delivery truck fleet for the past five
years:
Year Miles Operating Costs
2009 110,000 $390,000
2010 140,000 $420,000
2011 100,000 $360,000
2012 130,000 $410,000
2013 170,000 $450,000
What is the best estimate of total operating expenses for 2014 using the high-
low method based on total expected miles of 120,000?
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