Prompt Parcel Service operates a fleet of delivery trucks in a large metropolitan area. A careful study by the companys cost analyst has determined that if a truck is driven 72,000 kilometres during a year, the average operating cost is 19.0 cents ($0.190) per kilometre. If a truck is driven only 52,000 kilometres during a year, the average operating cost increases to 20.0 cents ($0.200) per kilometre.

Required:a)

.	Using the highlow method, estimate the variable and fixed cost elements of the annual cost of operating a truck if it is driven 72,000 kms. (Round intermediate values to 3 decimal places.)
	Variable Cost fixed cost b)

Express the variable and fixed costs in the form Y = a + bX. (Round "Variable cost per kilometre" answer to 3 decimal places.)

Y= + X

C)

If a truck was driven 62,000 kilometres during a year, what total cost would you expect to be incurred?(Round intermediate values to 3 decimal places.)

Total Cost=