Question
Brazilia Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazils national monetary unit. On the day
Brazilia Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (Thereal is Brazils national monetary unit. On the day this exercise was written, the real was equivalent in value to .5092 U.S. dollar.) |
Month | Miles Traveled by Tour Buses | Maintenance Cost | ||
November | 14,550 | 19,950 real | ||
December | 17,100 | 18,600 | ||
January | 19,650 | 18,750 | ||
February | 23,700 | 19,200 | ||
March | 31,200 | 19,950 | ||
April | 13,200 | 17,700 |
1. | 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.)
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