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RIO Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The realis Brazil's national monetary unit. On the day this
RIO Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The realis 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 14,7ee 17,200 19,7ee 23, see 31,300 13,3ee Cost 18,400 real 18,780 18,850 19,300 20,500 17,800 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 42.000 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 >
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