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Author Question: Stegman, Ltd., provides nationwide passenger train service on 21,000 miles of routes. Selected ... (Read 24 times)

olgamartinez04

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on: Feb 5, 2023
Stegman, Ltd., provides nationwide passenger train service on 21,000 miles of routes. Selected operating data for fiscal 2021 are shown below.

Fuel ExpensePassengersPassengerTrain Miles
Month(000s)(000s)Miles (000s)(000s)
October 2020$20,0752,145450,8573,098
November 202022,0372,154451,4483,091
December 202022,4352,180373,5333,141
January 202123,6132,151377,4383,178
February 202121,9312,136461,0882,825
March 202126,2042,174458,7623,175
April 202124,6982,207470,3113,096
May 202124,8322,296492,4293,197
June 202123,2392,291540,6553,076
July 202124,4812,414578,1333,191
August 202125,4592,430563,9863,315
September 202125,0212,148448,2633,066

Required:
a.The above data provide three possible activity measures that could influence fuel
expense.
Use the high-low method to develop a cost formula for fuel expense for each of the
three measures.
b.Do any of the cost formulas you developed in (a) appear to be a poor choice for
estimating
future train operations expense? Why?
c.Which formula do you think will make the most accurate predictions? Why?
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by olgamartinez04 on Feb 5, 2023

breounasmoot

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgamartinez04

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

robbielu01

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Reply 3 on: Yesterday
Excellent

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