QUESTION 1 Question one (4 points) Hol Chong Transport, Lid, operates a fleet of delivery trucks in Singapore. The company has determined that a truck is driven 105,000 kilometer during a year, the weigs perting cost is 22.8 cents per kilometer. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 26.8 cents per kilometer Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the soul cost of the truck operation 2. If a truck were driven 80,000 kilometers during a year, what total cost would you expect to be incurred For the toolbar, press ALT+F10 (PC) or ALTEFN+F10 (Mac), B I us Paragraph Arial V 14px 11! P