Exercise 6A-3 (Static) Cost Behavior; High-Low Method [LO6-10] Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has detemined thot if a truck is driven 105,000 klometers duritig a year, the average operating cost is 11.4 cents per kilometer, If a truck is ditiven onty 70,000 illonselinin during a year, the average operating cost increases to 13.4 cents per holometec. Required: 1. Using the high-fow method, estimate the variable operating cost per kilometer and the annual fixed operating cost astiociated with the fleet of trucker. 2. Exprens the variable and fixed costs in the form r=a+bxi 3. If a truck were ditien 80,000 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. Using the high-low method, estimate the variable operating cost per kllometer and the annual fixed operating coot associated Exercise 6A-3 (Static) Cost Behavior; High-Low Method [LO6-10] Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company hiss determined that if a iruch in driven 105,000 kilometers during a year, the avernge operating cost is 11.4 cents per kjometet. If a truck is ditiven only 70,000 hifiometirin during a ycat, the average operating cost increases to 13.4 cents per kilometet. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fred operating cost assochated wall the fleet of trucks. 2. Express the variable and foxed costs in the form Y=a+bX. 3. If a truck were diven 80,000 kliometers during a yeac, what total operating cost would you expect to be incurredt Complate this question by entering your answers in the tabs below. coit per kalometer to 3 dedimal pleces.) Exercise 6A-3 (Static) Cost Behavlor; High-Low Method [LO6-10] Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined tha if a truck is diven 105,000 kilometers during a yeat, the average operating cost is 11,4 conts per kilometet, If a truck is driver onty 70,000 killomieters during a year, the average operating cost increases to 13.4 cents per folometef. Required: 1. Using the high-low method, estimate the variable operating cost per lalometet and the annual fived operating cost atsociated with the fleet of trucks. 2. Express the variable and foxed costs in the form Y=a+bX. 3. If a truck were dilven 80,000ki ometers duting a yeat, what total operating cost would you expect to be inculted? Complete this question by antering your anwwars in the tabs below. If a truck were driven 80,000 kilometers during a year, whet total operating cost would you dixpect to to incairred? (ou wal round intermethate calculations.)