High-low method based on total expected miles, Accounting Basics

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High-low method based on total expected miles

Speedy 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
2007 110,000 $390,000
2008 140,000 $420,000
2009 100,000 $360,000
2010 130,000 $410,000
2011 150,000 $440,000

a. Using the high-low method, what is the cost estimate for variable costs for 2012?

b. Using the high-low method, what is the cost estimate for fixed costs for 2012?

c. What is the best estimate of total operating expenses for 2012 using the high-low method based on total expected miles of 120,000?

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Accounting Basics: High-low method based on total expected miles

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Accounting Basics: High-low method based on total expected miles

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Recent Questions Asked Accounting Basics

Q : How much loss may jill deduct

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Request for Solution File

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Accounting Basics: High-low method based on total expected miles

Reference No:- TGS042041

Recent Questions Asked Accounting Basics

Q : How much loss may jill deduct

Q : How much of this loss may corbin deduct

Q : What is division a contribution margin

Q : What is his taxable income on his 2005 return

Q : High-low method based on total expected miles

Q : How many personal and dependency exemptions can cloe claim

Q : Identify and highlight relevant economic theory and concepts

Q : Completed and transferred during the period

Q : What is minimum amount of income needed to file a tax return

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