Determine the estimated operating cost - high low method, Cost Accounting

10) Mike Taylor, the owner of Tennessee River Boat Rentals, is estimating the cost of operating his boat rental company next year. He expects to have 450 rentals during 200Z. The following information is available:

200X 200Y

Number of boat rentals 286 396

Operating cost $7,645 $8,745

Required: Using the high-low method, determine the estimated operating cost for 200Z.

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