Amarjit Truckers, Ltd. operates a fleet of delivery trucks in North America. The company has...
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Amarjit Truckers, Ltd operates a fleet of delivery trucks in North America. The company has determined that, if a truck is driven kilometres during a year, the average operating cost is cents per kilometre. If a truck is driven only kilometres during a year, the average operating cost increases to cents per kilometre.Required: Using the highlow method, estimate the variable and fixed cost elements of the annual cost of truck operation. Do not round intermediate calculations. Round the "Variable cost" to decimal places. Round "Fixed cost" to decimal places.Variable costFixed costper kilometre per year Express the variable and fixed costs in the form Y a bXDo not round intermediate calculations. Round the "Variable cost" to decimal places. Round "Fixed cost" to decimal places. YX
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