Assume that YRC Worldwide's local delivery service center has the following information available on fleet miles and
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Question:
Assume that YRC Worldwide's local delivery service center has the following information available on fleet miles and operating costs:
Year | Miles | Operating costs |
---|---|---|
2017 | 556,000 | $ 175,600 |
2018 | 684.000 | 214,000 |
Use the high-low method to develop a cost estimating equation for total annual operating costs. (Let X = annual fleet miles.)
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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