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Exercise 6-30 High-Low Method; Tour Company (LO 6-1, 6-2, 6-5) Rio Bus Tours has Incurred the following bus maintenance costs during the recent tourist season.
Exercise 6-30 High-Low Method; Tour Company (LO 6-1, 6-2, 6-5) Rio Bus Tours has Incurred the following bus maintenance costs during the recent tourist season. (The real is Brazll's national monetary unit. On the day this exercise was written, the real was equivalent In value to 0.2545 U.S. dollar.) Required: 1. Use the high-low method to estimate the varlable 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 36,000 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.) Exercise 6-30 High-Low Method; Tour Company (LO 6-1, 6-2, 6-5) Rio Bus Tours has Incurred the following bus maintenance costs during the recent tourist season. (The real is Brazll's national monetary unit. On the day this exercise was written, the real was equivalent in value to 0.2545 U.S. dollar.) Requlred: 1. Use the high-low method to estimate the varlable 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 36,000 tour miles are driven. Complete this question by entering your answers in the tabs below. 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.) Exercise 6-30 High-Low Method; Tour Company (LO 6-1, 6-2, 6-5) Rio Bus Tours has Incurred the following bus maintenance costs during the recent tourist season. (The real is Brazll's national monetary unit. On the day this exercise was written, the real was equivalent in value to 0.2545 U.S. dollar.) Requlred: 1. Use the high-low method to estimate the varlable 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 36,000 tour miles are driven. Complete this question by entering your answers in the tabs below. Predict the level of maintenance cost that would be incurred during a month when 36,000 tour miles are driven
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