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Bonita, Ltd., provides nationwide passenger train service on 21,000 miles of routes. Selected operating data for the latest fiscal year are shown below. Month Fuel

Bonita, Ltd., provides nationwide passenger train service on 21,000 miles of routes. Selected operating data for the latest fiscal year are shown below.

Month

Fuel Expense (000s)

Passengers (000s)

Passenger Miles (000s)

Train Miles (000s)

October

$21,115 2,305 466,163 3,282

November

$22,092 2,274 492,242 3,235

December

$21,081 2,236 361,200 3,213

January

$16,268 2,010 385,766 3,294

February

$22,196 2,028 483,972 3,088

March

$26,874 2,238 484,193 3,191

April

$26,033 2,383 497,371 3,212

May

$24,997 2,284 494,715 3,261

June

$23,559 2,303 551,323 3,288

July

$25,100 2,700 578,121 3,219

August

$25,459 2,480 580,100 3,590

September

$26,491 2,340 460,467 3,198

Identify the high and low points for each of the three measures.

Passengers Passenger miles Train Miles

High point activity

enter the high point in dollars enter the high point in dollars enter the high point in dollars

High point $

$enter the high point in dollars $enter the high point in dollars $enter the high point in dollars

Low point activity

enter the low point in dollars enter the low point in dollars enter the low point in dollars

Low point $

$enter the low point in dollars $enter the low point in dollars $enter the low point in dollars

The above data provide three possible activity measures that could influence fuel expense. Use the high-low method to develop a cost formula for fuel expense for each of the three measures. (Round unit cost to 4 decimal places, e.g. 52.7512 and total cost to 0 decimal places, e.g. 5,275.)

Passengers:

Fuel expense

=

$enter a dollar amount passenger

+

$enter a dollar amount
Passenger miles:

Fuel expense

= $enter a dollar amount passenger mile + $enter a dollar amount
Train Miles:

Fuel expense

= $enter a dollar amount train miles + $enter a dollar amount

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