Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazils national monetary unit. On the day this exercise was written, the real was equivalent in value to .269 U.S. dollar.)

Month	Miles Traveled by Tour Buses		Cost
November	14,100		18,000		real
December	16,800		18,300
January	19,500		18,450
February	23,400		18,900
March	30,900		21,000
April	12,900		17,400

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 companys maintenance cost.

3. Predict the level of maintenance cost that would be incurred during a month when 38,000 tour miles are driven.

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.269 U.S. dollar.) Month November December January February March April Miles Traveled by Tour Buses 14,100 16,800 19,500 23,400 30,900 12,900 Cost 18,000 real 18,300 18,450 18,900 21,000 17,400 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 38,000 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 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