Check my we Exercise 5A-3 Cost Behavior; High-Low Method [LO5-10 Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 50,000 kilometers during a year, the average operating cost is 12.4 cents per kilometer. If a truck is driven only 100,000 kilometers during a year, the average operating cost increases to 15.2 cents per kilometer Required 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the flect of trucks 2. Express the variable and fixed costs in the form Y=a + bX. 3. If a truck were driven 125,000 kilometers during a year, what total operating cost would you expect to be incurred? References Using the high-low method, estimate the variable operating cost per kilome with the fleet of trucks. (Do not round your intermediate calculations. Rour places.) Variable cost per kilometer Fixed cost per year Required 1 Require Express the variable and fixed costs in the form Y = a + bX. (DO nd cost per kilometer to 3 decimal places.) Required 1 Required 2 Required 3 If a truck were driven 125,000 kilometers during a year, what total operating cost would you expect to be incurred? (Do not round intermediate calculations.) tal annual cost