Return to 2 Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 99,000 kilometers during a year, the average operating cost is 10.6 cents per kilometer. If a truck is driven only 66,000 kilometers during a year, the average operating cost increases to 11.9 cents per kilometer. Required . Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks 2. Express the variable and fixed costs in the form y a+bX 3. If a truck were driven 82.500 kilometers during a year, what total operating cost would you expect to be incurred? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. (Do not round your intermediate calculations. Round the Variable cost per kilometer to 3 decimal places.) per K Prev 2 of 2 Next> Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2 Hoi Chong Transport, Ltd, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 99,000 kilometers during a year, the average operating cost is 10.6 cents per kilometer. If a truck is driven only 66,000 kilometers during a year, the average operating cost increases to 11.9 cents per kilometer. points Required 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks 2. Express the variable and fixed costs in the form Y a + bX. 3. If a truck were driven 82,500 kilometers during a year, what total operating cost would you expect to be incurred? 3 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Express the variable and fixed costs in the form Y-a + bX.(Do not round your intermediate calculations. Round the variable s 8.000 Pre 2 of 2 Next 2 Hoi Chong Transport, Ltd., 99,000 kilometers during a year, the average operating cost is 10.6 cents per kilometer. If a truck is driven only 66,000 kilometers during a year, the average operating cost increases to 11.9 cents per kilometer. operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven Required: 1. Using the high-low method, estimate the variable operating cost per kilome the fleet of trucks. 2. Express the variable and fixed costs in the form Y-a+ bX. 3. If a truck were driven 82,500 points ter and the annual fixed operating cost associated with kilometers during a year, what total operating cost would you expect to be incurred? 3 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required1 qRegfred 3 If a truck were driven 82,500 kilometers during a year, what total operating cost would you expect to be incurred? (Do not round intermediate calculations.) 917,400
