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During the past year, the high and low use of three different resources for Fly High Airlines occurred in July and April. The resources are airplane depreciation, fuel, and airplane maintenance. The number of airplane flight hours is the driver. The total costs of the three resources and the related number of airplane flight hours are as follows: Resource Airplane Flight Hours Total Cost Airplane depreciation: High 44,000 $ 18,300,000 Low 28,000 $ 18,300,000 Fuel: High 44,000 445,896,000 Low 28,000 283,752,000 Airplane maintenance: High 44,000

. Develop an annual cost formula for airplane depreciation. Total annual cost of airplane depreciation = fill in the blank 1 of 2 x ( fill in the blank 2 of 2$ )

Develop an annual cost formula for fuel. Total annual cost of fuel = fill in the blank 1 of 1$

Airplane depreciationFuelAnnual number of airplane flight hours

Develop an annual cost formula for airplane maintenance.

Total annual cost of airplane maintenance = ( fill in the blank 1 of 4 x fill in the blank 2 of 4$ ) + ( fill in the blank 3 of 4$ fill in the blank 4 of 4

Airplane depreciationFuelAnnual number of airplane flight hours

)

2. Using the three annual cost formulas that you developed, predict the cost of each resource in a year with 490,000 airplane flight hours.

Line Item DescriptionAmountTotal annual cost of airplane depreciation$fill in the blank 9Total annual cost of fuel$fill in the blank 10Total annual cost of airplane maintenance

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