Revelations Parcel Service operates a fleet of delivery trucks in a large metropolitan area. A careful study by the company's cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 centavos per mile. If a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 centavos per mile. 5 points each requirement. 1. Using the high-low method , determine the variable and fixed cost elements of the annual cost of truck operation. 2. Express the variable and fixed costs in the form Y=a+bX 3. If a truck were driven 100,000 miles during a year, what total cost would you expect to be incurred? Christian Inc. has accumulated the following data for the cost of maintenance on its machinery for the last 4 months : Month Maintenance Cost Machine Hours September P26,020 21,000 October P24,600 18,500 November P22,300 15,000 December P25,100 19,000 4. Assuming Christian Company uses the high-low method of analysis, calculate the estimated fixed cost of maintenance 5. Assuming Christian Company uses the high-low method of anaylsysi, if machine hours are budgeted to be 20,000 hours , compute for the budgeted total maintenance cost Answers are in MS Word or MS Excel submissions show computations. Please no screen grab. 5 points per