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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

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.]
\table[[Month,\table[[Miles Traveled],[by Tour Buses]],Cost,],[November,8,500,11,400,real],[December,10,600,11,600,],[January,12,700,11,700,],[February,15,000,12,000,],[March,20,000,12,500,],[April,8,000,11,000,],[,,,]]
EX 6-30(Static) Part 1: Rio Bus Tours has incurred the following bus maintenance costs...
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 variable cost per tour mile traveled and the fixed cost per month.
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