Hol Chong Transport, Ltd. operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 96,000 kilometers during a year, the average operating cost is 10.3 cents per kilometer. If a truck is driven only 64,000 kilometers during a year, the average operating cost increases to 115 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 80,000 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. (Do not round your intermediate calculations, Round the Variable cost per lalometer to 3 decimal places.) Variable cost Foxed cost per kilometer per year Required 2 > Saved Hol Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 96.000 kilometers during a year, the average operating cost is 10.3 cents per kilometer. If a truck is driven only 64,000 kilometers during a year, the average operating cost increases to 11.5 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 80,000 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 a Express the variable and fed costs in the form Y = a + bx. (Do not round your intermediate calculations. Round the Variable cost per kolometer to 3 decimal places) con conexternal browser daunchurahttp%253A%252F%252Fbbinsuokedus Homework Saved Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore The company has determined that if a truck is driven 96,000 kilometers during a year, the average operating cost is 10.3 cents per kilometer If a truck is driven only 64,000 kilometers during a year, the average operating cost increases to 115 cents per kitometer 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= 3 + DX 3. If a truck were driven 80,000 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 3 es If a truck were driven 30,000 kilometers during a year, what total operating cost would you expect to be incurred? (Do not round intermediate calculations) Total anual cos
