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  1. business
  2. accounting
  3. 2. express the variable and fixed costs in the for

2. Express the variable and fixed costs in the form Y=a+bX. (Do not round your...

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Accounting

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2. Express the variable and fixed costs in the form Y=a+bX. (Do not round your intermediate calculations. Round the "Variable cost per kitometer" to 3 decimal places.) 3. If a truck were driven 89,900 kilometres during a year, what total cost would you expect to be incurred? (Do not round intermediate calculations. Round the "Variable cost per kilometer" to 3 decimal places.) We Deliver operates a fleet of delivery trucks in Halifax. Analysis shows that if a truck is driven 106,000 kilometres during a year, the average operating cost is 11.4 cents (\$0.114) per kilometre. If a truck is driven only 82,000 kilometres during a year, the average operating cost increases to 13.4 cents ($0.134) per kilometre. Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (Do not round your intermediate calculations. Round the "Variable cost per kilometer" to 3 decimal places.)

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