High-Low Cost Estimation Assume the local YRC Worldwide delivery service hub has the following information...
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Accounting
High-Low Cost Estimation Assume the local YRC Worldwide delivery service hub has the following information available about fleet miles and operating costs:
Year Miles Operating Costs
Year 1 695,000 $219,500
Year 2 855,000 267,500
Use the high-low method to develop a cost-estimating equation for total annual operating costs.
Total annual costs = $__ +$__X
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