Week $3$ Question $6$

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.) Month November December January February March April by Tour Buses 13,5ee 16,4 19,3ee 23, e 3e,see 12,se Cost 17,6eg reat 17,9 18, esg 18, s 20, 24 17 , 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.) Variable cost per tour mile Fixed cost per 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.) Predict the level Of maintenance cost that would be incurred during a month when 34,000 tour miles are driven.