<\/div><\/div><\/div> Prepare an Estimate for the variable and fixed cost Elements of the annual cost of truck operation , using the high- low method . 12 marks ) Units Costs High level 105, 000 KIT $ 1, 197, 000 LOW level 70,000 KITTY $938, 000 Change 35, 000 KITTY $ 259, 000 Express the variable and fixed costs in the form \"Y\" = a + by^ . ('1 mark ) Unit variable cost : $259, 000\/35, 000 km = 7. 4 cents per kin Fixed cost : 1 , 197, 000 - 17. 4 cents per unit* 105 , 000 km ) Fixed cost : 1 , 197, 000 - 777, 000 = 420, 000 Total cost . \"\" = 420, 000 + 7. 4X` Calculate the Expected total cost of driving a van 90, 000 kilometers during a year . ( 1 mark ) Y\" = 420.000 + 7. 4 ( 30, 000) Y\" = 420,000 + 656, 000 ` = $1, 086, 000",
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"edition": "31st Edition",
"authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill",
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