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Please provide answers and explanation. Et lab (Ch 3) We Deliver operates a fleet of delivery trucks in Halifax, Analysis shows that if a truck

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Et lab (Ch 3) We Deliver operates a fleet of delivery trucks in Halifax, Analysis shows that if a truck is driven 102,000 kilometres during a year, the average operating cost is 11,3 cents ($0.113) per kilometre. If a truck is driven only 68,000 kilometres during a year, the average operating cost increases to 12.9 cents ($0.129) per kilometre. Required: 1. Using the high low method, estimate the variable and fixed cost elements of the annual cost of truck operation (Do not round your Intermediate calculations. Round the Variable cost per kilometre ro 3 decimal places and Fixed cost answer to nearest whole dollar amount.) Total Annual Kilometer Driven High level of activity Low level of activity Change 05 0 per kilometer Variable cost per kilometer Fixed cost per VO 2. Express the variable and fixed costs in the form + 6X (Do not round your intermediate calculations. Round the Variable cost per kilometre to 3 decimal places.) 3. If a truck was driven 85,000 kilometres during a year, what total cost would you expect to be incurred? (Do not round intermediate calculations.)

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