Changing the Cust Formula for a Month to the Cost Formula for a Year During the past yoar, the high and low use of throe different resources for Ry High Airlines occurred in July and April. The resources are airplane deproeciation, fucl, and airplane maintenance. The number af airplane filight hours is the driver. The total costs af the three resources and the related number of airplane flight hours are as follows: Airplane Flight Total Cost Resource Hours Airplane depredation: $18,000,000 18,000,000 High 44,000 Low 28,000 Fuel High 445,896,000 44,000 28,000 Law 283,752,000 Airplane maintenance: 44,000 15,792,000 High 11,504,000 Law 28,000 Required: 1. Develop an annual cost formula for airplane depreciation Total annual cost of airplane depreciation 12x(18,000,0) Develop an annual cost formula for fuel, Total annual cost of fuel = 10,134 xAnnual number of airplane flight hours Develoa an annual cost formula for airplane maintenance Total annual cost of airplane maintenance 12x$ Annual number of airplane flight hours) 268 x 2. Using the three annual cost formulas that you developed, predict the cast of each resource in a year with 480,000 arplane flight haurs Total annual cost of airplane depredation $216,000,0 4,864,320 Tatal annual cast of fuel Total annual cost of airplane maintenance Feecback Check My Work 1. Multiply the monthly costs from the cost formulas created by 12. 2. With the twelve month formulas from above, substitute 480,000 annual flight hours for (x), flight hours