Sample Forms - Minnesota Office of the State Auditor

Variable costs per car = = $5.15 per car. Total costs estimated for 90,000 cars = $110,000 + ($5.15 × 90,000) = $573,500. 10-23 (15–20 min.) Estimating a cost function, high-low method. 1. The key point to note is that the problem provides high-low values of X (annual round trips made by a helicopter) and YX (the operating cost per round trip). ................
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