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  3. rio bus tours has incurred the following bus maintenance costs...

Question: rio bus tours has incurred the following bus maintenance costs...

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Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazils notional monetary unit. On the day this exercise was written, the real was equivalent in value to 269 U.S. dollar) Traveled by November December JanuarY February March April 13,050 19,150 22,700 30,200 12,200 17,300 real 17,600 17,750 18,200 19,400 16,700 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 companys maintenance cost 3. Predict the level of maintenance cost that would be incurred during a month when 31,000 tour miles are driven. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Predict the level of maintenance cost that would be incurred during a month when 31,000 tour miles are driven. cost 19,520 < Required 2 K Prey3 of 14 Next >
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