QUESTON 2: Habib transport company Itd. operates a fleet of delivery trucks in Singapore. The Company has determined that if a truck is driven 125,000 kilometres during a year. The average operating cost is 11.4 cent per kilometres. If a truck driven 85,000 kilometres during a year, the average operating cost increases to 13.4 cents per kilometres. Requirement: a) Using high-low method estimate the variable and fixed costs elements of the annual cost of truck operators. b) Express the variable and fixed costs in the form y= a +bx c) If a truck were driven to 80,000 kilometres during a year, what total cost would you expect to be incurred? d) Write what is mixed cost