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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 .269 U.S. dollar.) Month November December January February March Miles Traveled by Tour Buses 14,550 17,100 19,650 23,700 31,200 13,200 Cost 18,300 real 18,600 18,750 19,200 19,950 17,700 April 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 41,000 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 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 14,550 17,100 19,650 23,700 31,200 13,200 Cost 18,300 real 18,600 18,750 19,200 19,950 17,700 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 41,000 tour miles are driven. 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 + I realx| 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 14,550 17,100 19,650 23,700 31, 200 13,200 Cost 18,300 real 18,600 18,750 19,200 19,950 17,700 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 41,000 tour miles are driven. 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 41,000 tour miles are driven. Maintenance cost real
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