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Chapter 03 Inclass quiz

Chapter 03 Inclass quiz - 1,400 4,700 A Using the data...

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Acc 200P Name: ________________________ Lab Section #_________________ Chapter 3 Trusty Delivery Inc. would like to estimate the cost of operating its delivery trucks and has decided to use the high/low method. The high and low activity level months have been identified and the following information is available # miles driven Operating Costs June ------------------ 800 $3,500 September -----------
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Unformatted text preview: 1,400 4,700 A. Using the data above, what is the variable cost per mile? Answer: ___________ B. Using the data above, what is the total fixed cost per month? Answer: ___________ C. Write the equation to predict total mixed costs. D. If management expects 1,000 miles to be driven in October, calculate total estimated operating costs. Answer: _____________...
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