TSuper Company accumulated the following data for a delivery truck. Month Miles Driven...

90.2K

Verified Solution

Question

Accounting

TSuper Company accumulated the following data for a delivery truck.

Month Miles Driven Total Cost
June 11,860 $20,642
July 12,500 $21,724
August 9,670 $16,940
September 10,190 $17,819

Do not enter dollar signs or commas in the input boxes. a) Using the high-low method, calculate the variable component of the total cost. Round your answer to 5 decimal places. Variable Cost per Unit: $Answer b) Using the high-low method, calculate the fixed component of the total cost. Round your answer to the nearest whole number. Fixed Cost: $Answer c) Calculate the total costs be if 12,550 miles were driven. Round your answer to 2 decimal places. Estimated Total costs: $Answer

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students