Johnson Trucking Company wants to determine a fuel surcharge to add to its customers' bills based...
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Johnson Trucking Company wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven to each area. It wants to separate the fixed and variable portion of the truck's operating costs so it has a better idea of how distance affects these costs. Johnson Trucking Company has the following data available. Miles driven Total operating costs 16,200 17,000 20,000 16,500 17,400 16,000 Month January February March $22,650 $23,250 $26,000 $22,875 $23,550 April May June $21.000 Using the high  low method, the monthly operating costa if Johnson Trucking Company drives 21,000 miles in a month will be (Round any intermediary calculations O A. $27,250 O B. $22,000 OC. $1,000 O D. $27,500 Click to select your answer
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Elementary Statistics A step by step approach
ISBN: 9780073386102
8th edition
Authors: Allan Bluman
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