hpt 3Hwk, part 1 Saved Help Save & Exit Exercise 3-7 Cost Behaviour; High-Low Method (LO2) We Deliver operates a fleet of delivery trucks in Halifax. Analysis shows that if a truck is driven 171,000 kilometres during a year, the average operating cost is 13.5 cents ($0.135) per kilometre. If a truck is driven only 114.000 kilometres during a year, the average operating cost increases to 17.2 cents ($0.172) per kilometre. oints Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (Do not round your intermediate calculations. Round the Variable cost per kilometre to 3 decimal places and Fixed cost answer to nearest whole dollar amount.) eBook Ask Print Kilometers Driven Total Annual Cost High level of activity Low level of activity Change per kilometer Variable cost per kilometer Fixed cost per year the Variable cost per Nineter Fixed cost per year per kilometer bok ant 2. Express the variable and fixed costs in the form Y = a + bX. (Do not round your intermediate calculations. Round the Variable cost per kilometre to 3 decimal places.) Y = 3. If a truck was driven 142.000 kilometres during a year what total cost would you expect to be incurred? (Do not round intermediate calculations.) Total annual cost