Hoi Chong Transport, Ltd. operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 125,000 kilometres during a year, the average operating cost is 12.520 cents per kilometre. Ifa truck is driven only 90,000 kilometres during a year, the average operating cost increases to 16.5 cents per kilometre. {The Singapore dollar is the currency used in Singapore.) Required: 1. Using the highlow method, estimate the variable and fixed cost elements ofthe annual cost of truck operation. [Round the \"Variable cost" to 5 decimal places. Round \"Fixed cost" to 2 decimal places} ' 9 Answer is complete but not entirely correct. ' Variable cost 0 22357100000 9 Fixed cost $ 127.923.625.111] 6 per year 2. Express the variable and fixed costs in the form V: a + bX. {Round the "Variable cost" to 5 decimal places. Round "Fixed cost" to 2 decimal places.) 6 Answer is complete but not entirely eorrect. Si 5 223-5713\" 9 127.923.525.00000 9 3. lfa truck were driven 100,000 kilometres during a year, what total cost would you expectto be incurred? (Do not round intermediate calculations. Round \"Total annual cost" to 2 decimal places.) 6 Answer is complete but not entirely correct. $ 1501827259