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  3. grand bus tours has incurred the following bus mai

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

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Accounting

Grand Bus Tours has incurred the following bus maintenance costs during the recent tourist season.
Month
Miles Traveled by Tour Buses
Cost
November
13,350
$17,500
December
16,300
$17,800
January
19,250
$17,950
February
22,900
$18,400
March
30,400
$20,050
April
12,400
$16,900
1.Use the high-low method to estimate the variable cost per tour mile traveled and the fixed cost per month. (15 points)
VC per tour mile in $ per unit (3 decimal place) $
FC per month (0 decimal places) $
2. Develop a formula to express the cost behavior exhibited by the companys maintenance cost.(15 points)
Formula y=
Predict the level of maintenance cost that would be incurred during a month when 33,000 tour miles are driven. (15 points)
Cost prediction at the 33,000-mile activity level: $ dollars

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