Hol Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 150,000 kilometers during a year, the average operating cost is 12.4 cents per kilometer. If a truck is driven only 100,000 kilometers during a year, the average operating cost increases to 15.2 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 125.000 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 feet of trucks. (Do not round your intermediate calculations. Round the Variable cost per kilometer to 3 decimal places) Variable cont Fixed cost per kilometer per year Required 2 > Hol Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is a 150,000 kilometers during a year, the average operating cost is 12.4 cents per kilometer. If a truck is driven only 100,000 kl during a year, the average operating cost increases to 15.2 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associ 2. Express the variable and fixed costs in the form Y=3*bX. 3. If a truck were driven 125,000 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 i regules2 Required 3 Express the variable and fixed costs in the form Y + 3 + bx. (Do not round your intermediate calculations, Round the variable cost per kilometer to 3 decimal places) MacBook Air SLO 883 90 Do $ % 5 1 & 7 6 00 9 ) 0 E R T Y U 0 D F G H J L > C V B N M Check Hol Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 150,000 kilometers during a year, the average operating cost is 124 cents per kilometer if a truck is driven only 100,000 kilomete during a year, the average operating cost increases to 15.2 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated w the feet of trucks. 2. Express the variable and fixed costs in the form Y=2+bx. 3. If a truck were driven 125,000 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: Required 2 Required If a truck were driven 125,000 kilometers during a year, what total operating cost would you expect to be incurred? (Do not round Intermediate calculations.) Total annual cost MacBook AB 883 $ 4 ) . 5 6 7 8 9 0 WT 20 T Y U 0 { F G H L ? ? V B N. M
