Exercise 6A-3 Cost Behavior; High-Low Method [LO6-10] Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 59,000 kilometers during a year, the average operating cost is 12.7 cents per kilometer. If a truck is driven only 106,000 kilometers during a year, the average operating cost increases to 15.8 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 YEa+bx 3. If a truck were driven 132,000 kilometers during a year, what total operating cost would you expect to be incurred? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1Required 2Required 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 per 6.500 8 Fixed cost 98500 per year