Exercise 5A-3 (Algo) Cost Behavior; High-Low Method [LO5-10] Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 168,000 kilometers during a year, the average operating cost is 13.2 cents per kilometer, If a truck is driven only 112,000klometers during a year, the average operating cost increases to 16.7 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX 3. If a truck were driven 140,000 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. (Do not round your intermediate calculations. Round the Variable cost per kilometer to 3 decimal places.) Hol Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 168,000 kilometers during a year, the average operating cost is 13.2 cents per kilometer. If a truck is driven only 112.000 kilometers during a year, the average operating cost increases to 16.7 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX 3. If a truck were driven 140,000 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. Express the variable and fixed costs in the form Y=a+bX. (Do not round your intermediate calculations, Round the Variable cost per kilometer to 3 decimal places.) Exercise SA-3 (Algo) Cost Behavior; High-Low Method [LO5-10] Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 168,000 kilometers during a year, the average operating cost is 13.2 cents per kilometer. If a truck is driven only 112.000kilometers during a year, the average operating cost increases to 16.7 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX 3. If a truck were driven 140.000 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. If a truck were driven 140,000 kilometers during a year, what total operating cost would you expect to be incurred? (Do not round intermediate calculations.) Required information Exercise 5A.5 (Algo) Least-Squares Regression [LO5-11] George Caloz \& Freres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. xercise 5 A.5 Part 2 (Algo) -a. Using the least-squares regression method, estimate the varlable etching cost per unit and the total fixed etching cost per week- b. Express these estimates in the form Y=a+bX. For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 2 (Algo) 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week -b. Express these estimates in the form Y=a+bX Complete this question by entering your answers in the tabs below. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. (Round your answers to 2 decimal places.)