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hello i need help with these homework questions if anyone could help me please please thank you so much Hol Chong Transport, Ltd. operates a
hello i need help with these homework questions if anyone could help me please please thank you so much
Hol Chong Transport, Ltd. operates a fleet of dellvery trucks in Singapore. The company has determined that If a truck Is driven 123,000 Kllometres during a year, the average operating cost is 12.518 cents per kllometre. If a truck is driven only 88,000 kilometres during a year, the average operating cost increases to 16.3 cents per kllometre. (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 "Varlable cost to 5 decimal places. Round Fixed cost to 2 decimal places.) Variable cost per kilometro Fed cost por yoar 2. Express the variable and fixed costs in the form yn bx (Round the "Vorlable cost to 5 deelmal places. Round "Fixed cost to 2 decimal places.) Y 3. If a truck were driven 98,000 kilometres during a year, what total cost would you expect to be cured? (Do not round Intermediate calculations. Round "Total annual cost to 2 decimal places.) Total annual cost Step by Step Solution
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