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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 13,500 16,400 19,300 23,000 30,500 12,500 Cost 17,600 real 17,900 18,050 18,500 20, 240 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 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 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 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
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