Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck 150,000 kilometers during a year, the average operating cost is 12.4 cents per kilometer. If a truck is driven only 100,000 kill during a year, the average operating cost increases to 15.2 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associ the fleet of trucks. 2. Express the variable and fixed costs in the form Y= a + bx. 3. If a truck were driven 125,000 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. Required 1 Required 2 Required 3 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.) Variable cost Fixed cost per kilometer per year Required Required 2 > Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined 150,000 kilometers during a year, the average operating cost is 12.4 cents per kilometer. If a truck is driven o during a year, the average operating cost increases to 15.2 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operati the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX. 3. If a truck were driven 125,000 kilometers during a year, what total operating cost would you expect to be Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Express the variable and fixed costs in the form Y= a + bx. (Do not round your intermediate calculations. Round cost per kilometer to 3 decimal places.) Y= X < Required 1 Required 3 > Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determi 150,000 kilometers during a year, the average operating cost is 12.4 cents per kilometer. If a truck is drive during a year, the average operating cost increases to 15.2 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed ope the fleet of trucks. 2. Express the variable and fixed costs in the form Y= a + bx. 3. If a truck were driven 125,000 kilometers during a year, what total operating cost would you expect to Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If a truck were driven 125,000 kilometers during a year, what total operating cost would you expect to be inc round Intermediate calculations.) Total annual cost