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Estimate the variable and fixed cost element

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Reference no: EM133047373

Question - The Mayflower Transport Company operates a fleet of delivery trucks in the Ottawa area. It has been determined that if a truck is driven 105,000 kilometers over a one year period the average operating cost is $0.114 per kilometer.   If a truck is driven only 70,000 kilometers annually, the operating costs increases to $0.134 per kilometer.   

a. Using the high-low method, estimate the variable and fixed cost element of the annual cost of trucks operation.

b. Using the formula Y=a+bx present the fixed and variable cost?

 c. If a truck were driving 80,000km over a one year period, what total cost would your expcted to be incurred?

Reference no: EM133047373

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