Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is dilven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometer If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 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 80,000 kitometers 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 r=a+bx. (Oo not round your intermediate calculations, Round the variable cost per kilometer to 3 decimal piaces.) Hoi Chong Transport. Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is dilven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometer if a truck is driven only 70,000kilometers during a year, the average operating cost increases to 13.4 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 80,000 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-fow 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 vartable cost per kilometer to 3 decimal places:) Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is diven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometef. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated wits the fleet of trucks. 2 Express the variable and fixed costs in the form Y=a+bx 3. If a truck were driven 80,000 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 80,000 kilameters during a year, what total operating cost would you expect to be incurred? (00 not round intermediate calculations.)