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Please answer the problems on what you see on the screenshots. Hoi Chong Transport, Ltd., operates a eet of delivery tluoks in Singapore. The company

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Please answer the problems on what you see on the screenshots.

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Hoi Chong Transport, Ltd., operates a eet of delivery tluoks in Singapore. The company has determined that if a truck is driven 147,000 kilometers during a year, the average operating cost is 0.7 cents per kilometer. If a truck is driven only 93.000 kilometers during a year. the average operating cost increases to 9.6 cents per kilometer. Requlred: 1. Using the high-low method. estimate the variable and xed cost elements of the annual cost of the trunk operation. (Do not round your Inten'nedlate calculations. Round the Variable cost per kilometer to 3 decimal places and Fixed cost answerto nearest whole dollar amount.) High level of activity Low level of activity Change 0 $ 0 Variable cost per kilometer per kilometer Fixed soot per year 2. Express the variable and xed costs in the form Y = a + bx. [Do not round your Inten'nedlate calculatlons. Round the Variable cost per kllometer to 3 decimal places.) -:I:I 3. If a truck were driven 122,000 kilometers during a year, what total cost would you expect to be incurred? [Do not round Inten'nedlats calculations.)

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