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Greene Enterprises Has the Following Information About Its Truck Fleet

Question 79

Multiple Choice

Greene Enterprises has the following information about its truck fleet miles and operating costs:  Year  Miles  Operating Costs 2010400,000$256,0002011480,000280,0002012560,000320,000\begin{array} { c c c } \text { Year } & \text { Miles } & \text { Operating Costs } \\\hline2010 & 400,000 & \$ 256,000 \\2011 & 480,000 & 280,000 \\2012 & 560,000 & 320,000\end{array} What is the best estimate of total costs using the high-low method if the expected fleet mileage for 2008 is 500,000 miles?


A) $256,000
B) $288,000
C) $296,000
D) $320,000

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