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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
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 Miles Traveled by Tour Buses Cost 17,600 real 13,500 December 16,400 17,900 January 19,300 18,050 February 23,000 18,500 March 30,500 20,240 April 12,500 17,000 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 34,000 tour miles are driven. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 3. Predict the level of maintenance cost that would be incurred during a month when 34,UUU tour miles are driven. Complete this question by entering your answers in the tabs below. Check my work 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 tour mile Fixed cost per month real real 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 34,000 tour miles are driven Complete this question by entering your answers in the tabs below. uck my work 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 . Predict the level of maintenance cost that would be incurred during a month when 34,000 tour miles are driven. behavior exhibited by the company's maintenance cost. 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 34,000 tour miles are driven. Maintenance cost real < Required 2 Required 3> Next >
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