Exercise 5A-3 Cost Behavior; High-Low Method [LO5-10] Hol Chong Transport. Ltd, operates a neet of delivery trucks in Singapore. The company has determined that if a truck is dnven 141000 kilometers during a year, the average operating cost is 12.1 cents per kilometer. If a truck is driven only 94,000 kilometers during a year, the average operating cost increases to 14.6 cents per kilometer Required: 1 Using the high-low method. estimate the variable operating cost per kilometer and the annual fixed the fleet of trucks. 2 Express the varlable and foxed costs in the form Y-a bX 3. If a truck were driven 117,000 kilometers during a year what total operating cost would you expect to be operating cost associated with incurred? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required using the high-low method, estimate the variable operating cost per kilometer and the annual fioxed operating cost associated with the fleet of trucks. (Do not round your intermediate calculations. Round the Variable cest per kilometer to 3 decimal places) Variable cost Fond con per kilometer Required 2 Type here to search