Greene Enterprises has the following information about its truck fleet miles and operating costs: 
What is the best estimate of total costs using the high-low method if the expected fleet mileage for 2008 is 500,000 miles?
Definitions:
Freight-In
The cost associated with transporting inventory to a business location, typically considered as part of the inventory cost.
Standard Cost
Standard cost is a predetermined cost of manufacturing, purchasing, or using goods or services, used as a benchmark to measure performance and budgeting.
Selling Expense
Costs incurred directly related to the sale of a product or service, including advertising, sales commissions, and store maintenance.
Unavoidable Waste
Waste that cannot be reduced or eliminated during the production process due to inherent limitations or efficiency constraints.
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