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Amarjit Truckers, Ltd. operates a fleet of dellvery trucks in North America. The company has determined that, if a truck is driven 125.000 kilometres during

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Amarjit Truckers, Ltd. operates a fleet of dellvery trucks in North America. The company has determined that, if a truck is driven 125.000 kilometres during a year, the average operating cost is 18.000 cents per kilometre. If a truck is dilven only 52.000 kilometres during a year, the average operating cost increases to 21.0 cents per kilometre. Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (Do not round intermediate calculations. Round the "Variable cost" to 5 decimal ploces. Round "Fixed cost" to 2 decimal pleces.) 2. Express the variable and fixed costs in the form Y=a+bX. (Do not round intermediate calculations. Round the "Voriable cost" to 5 decimal places. Round "Fixed cost" to 2 decimal places.) If a truck were driven 83,000 kllometres during a year, what total cost would you expect to be incurred? (Do not round intermediate calculations. Round "Total onnual cost" to 2 decimal ploces.)

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