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Exercise 5A-3 Cost Behavior; High-Low Method [LO5-10) Hoi Chong Transport, Ltd, operates a fleet of delivery trucks in Singapore. The company has determined th during a year, the average operating cost increases to 17.6 cents per kilometer r, the average operating cost is 14.2 cents per kilometer If a truck is driven only 88,000 kilometers cost per kilometer and the annual fixed operating cost associated the fleet of trucks. 2 Express the variable and fixed costs in the form Y=a + bX 3. If a truck were driven 110,000 kilometers during a year, what total operating cost would you expect to be incurred? with the fleet of trucks. (Do not round your inter