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#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
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
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