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 realis 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 February March April Miles Traveled by Tour Buses 14,850 17,300 19,750 23,900 31,400 13,400 Cost 18,500 real 18,800 18,950 19,400 20,150 17,900 Required: 1. Use the high-low method to estimate the variable cost per tour mile traveled and the fixed 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 43,000 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 lour mile Fixed cost per month real real 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 realis 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 Yebruary March April Miles Traveled by Tour Buses 14,850 17,300 19,750 23,900 31,400 13,400 Cost 18,500 real 18,800 18,950 19,400 20,150 17,900 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 43,000 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 cos per month real real 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 Brazil's national monetary unit. On the day this exercise was written, the real was equivalent in value to 0.2545 U.S. dollar) Mileo Traveled Month by Tour Buses Cost November 14,850 18,500 real December 17,300 18,800 January 19.750 18,950 Tebruary 23,900 19,400 March 31,400 20,150 April 13,400 17,900 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 43,000 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 43,000 tour miles are driven Maintenance cost real (Required 2
