Question #4 Schnieder Transport, Ltd. operates a fleet of delivery trucks in Canada. The company has determined that if a truck is driven 116,000 kilometres during a year, the average operating cost is 12.511 cents per kilometre. If a truck is driven only 81,000 kilometres during a year, the average operating cost increases to 15.6 cents per kilometre. Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (Round the "Variable cost" to 5 decimal places. Round "Fixed cost" to 2 decimal places.) Variable cost Fixed cost per kilometre per year 2. Express the variable and fixed costs in the form Y=a+bX. (Round the "Variable cost" to 5 decimal places. Round "Fixed cost" to 2 decimal places.)