150 points Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singa that if a truck is driven 168,000 kilometers during a year, the average kilometer. If a truck is driven only 112,000 kilometers during a year, t 16.7 cents per kilometer. Required: 1. Using the high-low method, estimate the variable and fixed cost el operation. (Do not round your intermediate calculations. Roun 3 decimal places and Fixed cost answer to nearest whole doll Kilometers Total Annua Driven Cost High level of activity Low level of activity Change 0 S Variable cost per kilometer Fixed cost per year per kilometer 2. Express the variabie and fixed costs in the form Y-a bX (Do not calculations. Round the Variable cost per kilometer to 3 decima
fleet of delivery trucks in Singapore. The company has determined ters during a year, the average operating cost is 13.2 cents per 000 kilometers during a year, the average operating cost increases to te the variable and fixed cost elements of the annual cost of the truck ermediate calculations. Round the Variable cost per kilometer to answer to nearest whole dollar amount.) Kilometers Total Annual Driven Cost per kilometer sts in the form Y # a + bX (Do not round your intermediate le cost per kilometer to 3 decimal places )
Fixed cost per year 2. Express the variable and fixed costs in the form Y = a + calculations. Round the Variable cost per kilometer 3. If a truck were driven 140,000 kilometers during a year, (Do not round intermediate calculations.) Total annual cost
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