es Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season....

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es 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 Miles Traveled by Tour Buses 14,700 17,200 19,700 23,800 31,300 13,300 Cost 18,400 real 18,700 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. Variable cost per tour mile Fixed cost per month 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 real 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 real X Complete this question by entering your answers in the tabs below. Required 3 Predict the level of maintenance cost that would be incurred during a month when 42,000 tour miles are driven. Maintenance cost Required 1 Required 2 real es 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 Miles Traveled by Tour Buses 14,700 17,200 19,700 23,800 31,300 13,300 Cost 18,400 real 18,700 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. Variable cost per tour mile Fixed cost per month 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 real 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 real X Complete this question by entering your answers in the tabs below. Required 3 Predict the level of maintenance cost that would be incurred during a month when 42,000 tour miles are driven. Maintenance cost Required 1 Required 2 real

Answer rating: 100% (QA)

Required 1 Using the highlow method we need to first determine the variable cost per tour mile traveled and the fixed cost per month Highest activity level March 31300 miles Highest cost 23800 real Lo... View the full answer