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Argosy University/ Phoniex University/
Nov-2005 - Oct-2011

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Category > Accounting Posted 22 Jul 2017 My Price 10.00

Thomas, Ltd.

Thomas, Ltd., provides nationwide passenger train service on 21,000 miles of routes. Selected operating data for fiscal 2010 are shown below.

	Fuel Expense	Passengers	Passenger	Train Miles
Month	(000s)	(000s)	Miles (000s)	(000s)
October 2009	$20,075	2,145	450,857	3,098
November 2039	$22,037	2,154	451,448	3,091
December 2009	$22,435	2,180	373,533	3,141
January 2010	$23,613	2,151	377,438	3,178
February 2010	$22,225	2,136	461,088	2,825
March 2010	$26,204	2,174	458,762	3,175
April 2010	$24,698	2,207	470,311	3,096
May 2010	$24,832	2,296	492,429	3,197
June 2010	$23,239	2,291	540,655	3,076
July 2010	$24,481	2,414	578,133	3,191
August 2010	$25,459	2,430	563,986	3,315
September 2010	$25,021	2,148	448,263	3,066

Required

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.
Do any of the cost formulas you developed in (a) appear to be a poor choice for estimating future train operations expense? Why?
Which formula do you think will make the most accurate predictions? Why?

Answers

Maurice Tutor

(5)

Status NEW Posted 22 Jul 2017 06:07 PM My Price 10.00

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