Hol Chong Transport, Limited, operates a fleet of delvery trucks in Singapore. The company has determined that if o truck is ditiven 165,000 kilometers during o year, the average operating cost is 12.9 cents per kilometer If a truck is ditiven 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 kllometer and the annual fixed operating cost associated witi the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX. 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. 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 coiculations. Round the Variable cost per kilometer to 3 decima) Hol Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 165,000 klometers during a yeat, 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-fow 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 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. Express the variable and fixed costs in the form y=a+bx. (Do not round your intermediote calculations. Round the Variable cost per kilometer to 3 decimal places.) Hol 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 yeac 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. 2. Express the variable and fixed costs in the form Y=a+bX. 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. If a truck were driven 137,000 kilometers during a year, what total operating cost would you expect to be incurred? (Do not round intermediate calculations.)
