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Hol Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is drven 147,000 kilometers during

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Hol Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is drven 147,000 kilometers during a year, the average operating cost is 8.7 cents per kilometer, if a truck de driven only 98.000kiliometers during a year, the average operating cost increases to 9.6 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kllometer 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 122,000 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 cort per kilometer and the annual Axed operating cost asseciated with the fleet of trucks. (Oo not round your intermediate calculations. Round the Variable cont perkilemater to 3 decimal places.)

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