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Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 165,000 kilometers

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Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 165,000 kilometers during a year, the average operating cost is 12.9 cents per kilometer if a truck is driven only 110,000 kilometers during a year, the average operating cost increases to 16.2 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. -bx 2. Express the variable and fixed costs in the form Y 3. If a truck were driven 137,000 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. Note: Do not round your intermediate calculations. Round the Variable cost per kilometer to a decimal placas, Variable cost Fixed cost i per kilometer per year Required 2 >

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