during a year the average operating cost is 12 3 cents per kilometer If a...
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during a year the average operating cost is 12 3 cents per kilometer If a truck is driven only 118 000 kilometers during a year the average operating cost increases to 15 5 cents per kilometer Required 1 Using the high low method estimate the variable operating 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 147 000 kilometers during a year what total operating cost would you expect to be incurred Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Using the high low method estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks Do not round your intermediate calculations Round the Variable cost per kilometer to 3 decimal places Variable cost Fived 0 059 per kilometer
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