$!$

Required information

$[$The following information applies to the questions displayed below.$]$

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 $0\mathrm{.}2545$ U$.$S$.$ dollar.$]$

Required:

Use the high$-$low method to estimate the variable cost per tour mile traveled and the fixed cost per month.

Develop a formula to express the cost behavior exhibited by the company's maintenance cost.

Predict the level of maintenance cost that would be incurred during a month when $22,000$ tour miles are driven.

Complete this question by entering your answers in the tabs below.

Use the high$-$low method to estimate the varlable cost per tour mile traveled and the fixed cost per month.

Note: Round "Variable cost per tour mile" to $3$ decimal places.

Required information

$[$The following information applies to the questions displayed below.$]$

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 realwas equivalent in value to $0\mathrm{.}2545$ U$.$S$.$ dollar.$]$

Required:

Use the high$-$low method to estimate the variable cost per tour mile traveled and the fixed cost per month.

Develop a formula to express the cost behavior exhibited by the company's maintenance cost.

Predict the level of maintenance cost that would be incurred during a month when $22,000$ tour miles are driven.

Complete this question by entering your answers in the tabs below.

Develop a formula to express the cost behavior exhlbited by the company's maintenance cost.

Note: Round "Variable cost per tour mile" to $3$ decimal places.