Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

#2 on my hw. part 1,2 and 3. ONE PROBLEM Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season.

#2 on my hw. part 1,2 and 3. ONE PROBLEM
image text in transcribed
image text in transcribed
image text in transcribed
Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazil's national monetary unit. On the day this exercise was written, the real was equivalent in value to 0.2545 U.S. dollar.) Month November December January Pebruary March April Miles Traveled by Tour Buses 15,150 17,500 19,850 24,100 31,600 13,600 Cost 18,700 real 19,000 19,150 19,600 20,350 18,100 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 45,000 tour miles are driven 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.) Variable cost per tour mile Fixed cost per month road real Required: Required 2 > Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The realis Brazil's national mone unit. On the day this exercise was written, the real was equivalent in value to 0.2545 U.S. dollar) Month November December January February March April Miles Traveled by Tour Buses 15,150 17,500 19,850 24,100 31,600 13,600 Cost 18,700 real 19,000 19,150 19,600 20,350 18,100 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 45,000 tour miles are driven Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Develop a formula to express the cost behavior exhibited by the company's maintenance cost. (Round "Variable cost per tour mile" to 3 decimal places.) Maintenance cost per month real real x Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazil's national monetar unit. On the day this exercise was written, the real was equivalent in value to 0.2545 U.S. dollar) Month November December January February March April Miles Traveled by Tour Busen 15,150 17,500 19,850 24, 100 31,600 13,600 Cost 18,700 real 19,000 19,150 19,600 20, 350 18,100 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 45,000 tour miles are driven. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Predict the level of maintenance cost that would be incurred during a month when 45,000 tour miles are driven. Maintenance cost real

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-30

Authors: David Haddock, John Price, Michael Farina

16th Edition

1260247902, 978-1260247909

More Books

Students also viewed these Accounting questions

Question

In what organizational forms may CPAs practice public accounting?

Answered: 1 week ago

Question

=+b) Are the conditions for two-way ANOVA met?

Answered: 1 week ago

Question

10. What is meant by a feed rate?

Answered: 1 week ago