What is the best estimate of fixed costs for fleet


The Apollo Delivery Service has the following information about its truck fleet miles and operating costs:

Year Miles Operating Costs
2011 250,000 $160,000
2012 300,000 $175,000
2013 350,000 $210,000

What is the best estimate of fixed costs for fleet operating expenses in 2014 using the high-low method?

$100,000
$ 35,000
$175,000
$ 50,000

Solution Preview :

Prepared by a verified Expert
Accounting Basics: What is the best estimate of fixed costs for fleet
Reference No:- TGS02549019

Now Priced at $15 (50% Discount)

Recommended (97%)

Rated (4.9/5)