Business, 24.05.2021 14:00 davisnaziyahovz5sk

Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 129,000 kilometers during a year, the average operating cost is 13.7 cents per kilometer. If a truck is driven only 86,000 kilometers during a year, the average operating cost increases to 16.8 cents per kilometer. Requried:
a. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of the truck operation.
b. Express the variable and fixed costs in the form Y = a + bX.

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Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determi...

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