Check 2 Hoi Chong Transport, Ltd. operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 114,00 kilometres during a year, the average operating cost is 12,509 cents per kilometre. If a truck is driven only 79,000 kilometres during a year, the average operating cost increases to 15.4 cents per kilometre. (The Singapore dollar is the currency used in Singapore.) Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation (Round the "Variable cost" to 5 decimal places. Round "Fixed cost to 2 decimal places.) its eBook Print $ eferences Variable cost Fixed cost 5.98360 per kilometre 743 895 60 per year $ 2. Express the variable and fixed costs in the form Ya+bX (Round the "Variable cost" to 5 decimal places. Round "Fixed cost" to 2 decimal places.)