Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. vanoi, inc. operates a fleet of delivery trucks in

Vanoi, Inc. operates a fleet of delivery trucks in Singapore. The...

60.1K

Verified Solution

Question

Accounting

image
Vanoi, Inc. operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometer. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer. (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 the truck operation. 2. Express the variable and fixed costs in the form Y = F + Vx 3. What is the total cost incurred at the activity level of 80,000 kilometers

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Describe the processes of glomerular filtration and the factors that influence filtration.

Medical Sciences
Q

Custom made primers are shipped as DNA powders. A student received a tube containing 19.5 nmoles...

Biology
Q

A vapor-compression heat pump with a heating capacity of 500 kJ/min is driven by a power...

Mechanical Engineering
Q

24 is the cline that leads to increased frequency of A Novichok as an assassination...

Biology
Q

Zoro 1V 1 5V 2V wwwwww 292 HH 2uF wwwwww 292 dy state

Physics
Q

1 56 km hour 20 km hour 50 km hour 4 48 km hour A...

Physics
Q

a is a rational function given in both standard and factored forms et f x...

Basic Math
Q

For Flynn Company, variable costs are 66% of sales, and fixed costs are $190,000. Managements...

Accounting
Q

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a...

Accounting
Q

make or buy decision, alternatives, relevant costs each year, giada company produced 23,000 units of...

Accounting
Q

Assume you have a choice to invest in two financial portfolios; 'Portfolio A' can give...

Finance
Q

Exercise 8-14 (Algo) Bank reconciliation LO P3 Wright Company's cash account shows a $30,100 debit...

Accounting