Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a truck were driven 130,000 kilometers during a year, what total operating cost would you expect to be incurred? (Do not round intermediate calculations.)

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
If a truck were driven 130,000 kilometers during a year, what total operating cost would you expect to be incurred? (Do not round intermediate calculations.) during a year, the average operating cost increases to 15.6 cents per kllometer. 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 130,000 kilometers during a year, what total operating cost would you expect to be incurred? Answer is not complete. 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 assodated with the fleot of trucks. (Do not round your intermediate calculations. Round the Variable cost per kifometer to 3 decimal olaces, during a year, the average operating cost increases to 15.6 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost ass the fleet of trucks. 2. Express the variable and fixed costs in the form Y=a+bX 3. If a truck were driven 130,000 kilometers during a year, what total operating cost would you expect to be incurred? Answer is not complete. 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 intermediate calculations, Round the variable cost per kilometer to 3 decimal places.) Hol Chong Transport, Limited, operates a fleet of dellvery trucks in Singapore. The company has determined that if a truck is driven 156,000 kilometers during a year, the average operating cost is 12.6 cents per kilometer. If a truck is driven only 104,000 kilometers during a year, the average operating cost increases to 15.6 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 diven 130,000 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 anoual fixed operating cost associated with the fleet of trucks. (Do not round your intermediate calculations. Round the Variable cost per kllometer to 3 decimal places. Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is dr 156,000 kilometers during a year, the average operating cost is 126 cents per kilometer. If a truck is driven only 104,000kilome during a year, the average operating cost increases to 15.6 cents per kilometer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Major By Day Gamer By Night

Authors: Accountant Notes

1st Edition

1687764158, 978-1687764157

More Books

Students also viewed these Accounting questions