eBook Calculator Print item Changing the Cost Formula for a Month to the Cost Formula for a Year During the past year, the high and low use of three different resources for Fly High Airlines occurred in July and April. The resources are airplane depreciation, fuel, and airplane maintenance. The number of airplane flight hours is the driver. The total costs of the three resources and the related number of airplane flight hours are as follows: Airplane Flight Hours Resource Total Cost Airplane depreciation: High $ 18,500,000 44,000 28,000 Low $ 18,500,000 Fuel: High 44,000 28,000 445,896,000 283,752,000 Low Airplane maintenance: High 44,000 15,840,000 12,280,000 Low 28,000 Required: If required, round calculations and answers to nearest dollar 1. Develop an annual cost formula for airplane depreciation If required, round calculations and answers to nearest dollar. 1. Develop an annual cost formula for airplane depreciation. Total annual cost of airplane depreciation - Develop an annual cost formula for fuel. Total annual cost of fuel- Annual number of airplane flight hours Develop an annual cost formula for airplane maintenance. xs ) + Total annual cost of airplane maintenance - Annual number of airplane flight hours ) 2. Using the three annual cost formulas that you developed, predict the cost of each resource in a year with 486,000 airplane flight hours. Total annual cost of airplane depreciation Total annual cost of fuel Total annual cost of airplane maintenance Check My Work 1. Multiply the monthly costs from the cost formulas created by 12. 2. With the twelve month formulas from above, substitute 486,000 annual flight hours for (x), flight hours