Exercise 5A-3 Cost Behavior; High-Low Method [LO5-10] Hol Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 90,000 kilometers during a year, the average operating cost is 9.1 cents per kilometer. If a truck is driven only 60,000 kilometers during a year, the average operating cost increases to 9.8 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 fleet of trucks. 2. Express the variable and fixed costs in the form Y = a + bx 3. If a truck were driven 75,000 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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.) Variable cost Fixed cost per kilometer per year Homurad Required 2 > Exercise 5A-3 Cost Behavior; High-Low Method (L05-10) Hol Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 90,000 kilometers during a year, the average operating cost is 9.1 cents per kilometer. If a truck is driven only 60,000 kilometers during a year, the average operating cost increases to 9.8 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 fleet of trucks 2. Express the variable and fixed costs in the form Ya+bX 3. If a truck were driven 75,000 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Express the variable and fixed costs in the form Y = a + bx. (Do not round your intermediate calculations, Round the Variable cost per kilometer to 3 decimal places.) Required 1 Required 3 > Exercise 5A-3 Cost Behavior: High-Low Method (LO5-10) Hol Chong Transport Ltd. operates a fleet of delivery trucks in Singapore. The company has determined that if a truck driven 90.000 kilometers during a year, the average operating cost is 91 cents per kilometer if a truck is driven only 60,000 kilometers during a year, the average operating cost increases to 9.8 cents per kilometer Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual feed operating cont associated with 2. Express the variable and feed costs in the form Yox 3.1 ck were driven 75.000 kilometers during a yew what to operating cost would you expect to be incred! Complete the question by entering your answers in the tabs below. Required Howard It truck were driven 75,000 kilometers during year what total operating cost would you expect to be curred (De not round intermediate calculations)