Exercise 2A-3 (Algo) Cost Behavior; High-Low Method [LO2-10] Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 165,000 kilometers during a year, the average operating cost is 12.9 cents per kilometer. If a truck is driven only 110,000 kilometers during a year, the average operating cost increases to 16.2 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. Express the variable and fixed costs in the form Y = a + bX. If a truck were driven 137,000 kilometers during a year, what total operating cost would you expect to be incurred