Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazi's national monetary unit. On the day this exercise was written, the real was equivalent in value to 0.2545 US dollar) month November December January February March April Miles Traveled by Tour Beses 14,100 16,800 19,500 23,400 30,900 12,906 Cont 10,000 real 18,300. 18,450 10.900 21,000 17,400 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 38.000 tour mies 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 deomal places)
Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazi's national monetary unit. On the day this exercise was written, the real was equivalent in value to 0.2545 US dollar) month November December January February March April Miles Traveled by Tour Beses 14,100 16,800 19,500 23,400 30,900 12,906 Cont 10,000 real 18,300. 18,450 10.900 21,000 17,400 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 38.000 tour mies 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 deomal places)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The malis Brazi's national monetary
unit. On the day this exercise was written, the real was equivalent in value to 0.2545 US dollar)
Ponsh
November
December
January
February
March
April
Miles Traveled
by Tour Rates
14,100
14,800
19,500
23,400
30,900
12,900
CONT
16,000 real
18,300
18,450
18,900
21,000
17,400
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 38.000 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)
Variable cost per tour me
Fixed cost per month
real
[real
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F933c0c63-eb3d-4c0d-ad59-3bf2a496afd3%2F4b75cde3-4100-4ff7-8966-a623220ab711%2Fw1plrf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The malis Brazi's national monetary
unit. On the day this exercise was written, the real was equivalent in value to 0.2545 US dollar)
Ponsh
November
December
January
February
March
April
Miles Traveled
by Tour Rates
14,100
14,800
19,500
23,400
30,900
12,900
CONT
16,000 real
18,300
18,450
18,900
21,000
17,400
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 38.000 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)
Variable cost per tour me
Fixed cost per month
real
[real
Required 2 >
![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 US dollar)
Miles Traveled
Rovenber
Becember
January
February
March
April
14,300
14,800
19,500
23,400
30,900
12.900
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 38,000 tour miles are driven.
Complete this question by entering your answers in the tabs below.
Month
November
December
January
February
Cost
18,000 real
18,300
18,450
***
18,900
21,000
17,400
March
April
Required 1
Required
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
Required 3
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 US dollar)
Miles Traveled
by Tour Buses
14,100
16,400
19,500
23,400
30,900
12,900
<Required 1
Cost
18,000 real
18,300
18,450
18,900
21,000
17,400
Required 3 >
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 38,000 tour miles are driven
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 34
Predict the level of maintenance cost that would be incurred during a month when 38,000
Maintenance cost
real
< Required 2
miles are driven](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F933c0c63-eb3d-4c0d-ad59-3bf2a496afd3%2F4b75cde3-4100-4ff7-8966-a623220ab711%2Frja8g6l_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 US dollar)
Miles Traveled
Rovenber
Becember
January
February
March
April
14,300
14,800
19,500
23,400
30,900
12.900
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 38,000 tour miles are driven.
Complete this question by entering your answers in the tabs below.
Month
November
December
January
February
Cost
18,000 real
18,300
18,450
***
18,900
21,000
17,400
March
April
Required 1
Required
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
Required 3
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 US dollar)
Miles Traveled
by Tour Buses
14,100
16,400
19,500
23,400
30,900
12,900
<Required 1
Cost
18,000 real
18,300
18,450
18,900
21,000
17,400
Required 3 >
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 38,000 tour miles are driven
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 34
Predict the level of maintenance cost that would be incurred during a month when 38,000
Maintenance cost
real
< Required 2
miles are driven
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