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Please answer asap! thank you! Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazil's national
Please answer asap! thank you!
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.) Month November December January February March April Miles Traveled by Tour Buses 13,950 16,700 19,450 23,300 30,800 12,800 Cost 17,900 real 18,200 18,350 18,800 20,450 17,300 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 37,000 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.) real Variable cost per tour mile Fixed cost per month real Required 1 Required 2 > 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 cost per month = real + real X Required 1 Required 2 Required 3 Predict the level of maintenance cost that would be incurred during a month when 37,000 tour miles are driven. Maintenance cost realStep by Step Solution
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