This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Stegman, Ltd., provides nationwide passenger train service on 21,000 miles of routes. Selected ... (Read 25 times)

olgamartinez04

  • Full Member
  • ***
  • Posts: 124
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by olgamartinez04 on Feb 5, 2023

breounasmoot

  • Full Member
  • ***
  • Posts: 178
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.
Answer Preview
Only 50% of students answer this correctly


olgamartinez04

  • Member
  • Posts: 124
Reply 2 on: Feb 5, 2023
:D TYSM

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Selected Drugs for Glaucoma Selected Drugs for Glaucoma
Cesarean Section Rates, Selected Countries Cesarean Section Rates, Selected Countries
Withdrawal Symptoms and Treatment for Selected Drugs of Abuse Withdrawal Symptoms and Treatment for Selected Drugs of Abuse
Selected Monoclonal Antibodies for Immunosuppression Selected Monoclonal Antibodies for Immunosuppression
Selected Disease-Modifying Antirheumatic Drugs Selected Disease-Modifying Antirheumatic Drugs
Selected Cephalosporins Selected Cephalosporins
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library