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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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