Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help save & exit submi hoi chong transport, lt

Help Save & Exit Submi Hoi Chong Transport, Ltd. operates a fleet of delivery trucks...

50.1K

Verified Solution

Question

Accounting

image

image

Help Save & Exit Submi Hoi Chong Transport, Ltd. operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 125,000 kilometres during a year, the average operating cost is 12.520 cents per kilometre If a truck is driven only 90,000 kilometres during a year, the average operating cost increases to 16.5 cents per kilometre. (The Singapore dollar is the currency used in Singapore.) Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (Round the "Variable cost" to 5 decimal places. Round "Fixed cost" to 2 decimal places.) Variable cost Fixed cost per kilometre per year 2. Express the variable and fixed costs in the form Y= a + bx (Round the "Variable cost" to 5 decimal places. Round "Fixed cost" to 2 decimal places.) y= 2. Express the variable and fixed costs in the form Y= a + bx. (Round the "Variable cost" to 5 decimal places. Round "Fixed cost" to 2 decimal places.) 3. If a truck were driven 100,000 kilometres during a year, what total cost would you expect to be incurred? (Do not round intermediate calculations. Round "Total annual cost" to 2 decimal places.) Total annual cost

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Nealon Energy Corporation engages in the? acquisition, exploration,? development, and production of natural gas and oil...

Finance
Q

A random sample of 130 observations produced a mean of ????=36.1x¯=36.1 from a population with a...

Basic Math
Q

How will you, as a health care manager, be involved in long-term financing for your organization?...

Finance
Q

How will you get the Themes gallery in MS Wor 2013

Biology
Q

resistance is connected to an A C source of 200 V and angular frequency 300rads...

Physics
Q

Please answer in two sig fig For the circuit shown in the figure all quantities...

Physics
Q

What expression is needed to write the equation as a quadratic equation?x10x +9=0Select an answer...

Calculus
Q

Find the equation of the line through the given pair of points in standard form...

Algebra
Q

Fork Motor Company is an automobile manufacturer operating in the US. It has...

Accounting
Q

If a companys control risk is initially assessed as low, the auditor needs to gather...

Accounting
Q

Assume Maplewood Manufacturing bought three machines in a $90,000 lump-sum purchase. An independent appraiser valued...

Accounting
Q

Ashley is a marketing rep in the electronics division of XYZ Company, earning an annual...

Finance