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1 Month November December January February March April Miles Traveled by Tour Buses 14,700 17,200 19,700 23,800 31,300 13,300 Cost 18,400 real 18,700 18,850 19,300
1 Month November December January February March April Miles Traveled by Tour Buses 14,700 17,200 19,700 23,800 31,300 13,300 Cost 18,400 real 18,700 18,850 19,300 20,500 17,800 1 points Required: 1. Use the high-low method to estimate the variable cost per tour mile traveled and the fixed cost per month 2. Develop a formula to express the cost behavior exhibited by the company's maintenance cost. 3. Predict the level of maintenance cost that would be incurred during a month when 42,000 tour miles are driven. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Use the high-low method to estimate the variable cost per tour mile traveled and the fixed cost per month. (Round "Variable cost per tour mile" to 3 decimal places.) Prev 1 of 8 Next > Mc Graw
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