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

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Accounting

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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

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