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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)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 >
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
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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