Develop a formula to express the cost behavior exhibited by the companys maintenance cost. (Round "Variable cost per tour mile" to 3 decimal places.)

Predict the level of maintenance cost that would be incurred during a month when 33,000 tour miles are driven.

Maintenance cost

real

Maintenance cost per month =

not attemp

real

+

not attempted

real X

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 rea/ was equivalent in value to 0.2545 U.S. dollar.) 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 33,000 tour miles are driven. Complete this question by entering your answers in the tabs below. 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.)