Required 2: 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.)
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Required 3: Predict the level of maintenance cost that would be incurred during a month when 45,000 tour miles are driven.
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Homework Answers
Answer
- Working
|
Month |
Mile |
Cost |
|
|
High Level |
Mar |
31,600 |
20,350.00 |
|
Low Level |
Apr |
13,600 |
18,100.00 |
|
Difference |
18,000 |
2,250.00 |
- Requirement 1
Variable cost = 0.125 real
Fixed Cost = 16400 real
|
A |
Difference in Cost |
2,250.00 |
|
B |
Difference in units |
18,000 |
|
C = A/B |
Variable cost per tour mile |
0.125 |
|
Working |
High Level |
Low Level |
|
|
A |
Total Cost |
20,350.00 |
18,100.00 |
|
B |
Total Units |
31600 |
13600 |
|
C |
Variable cost per unit |
0.125 |
0.125 |
|
D = B x C |
Total Variable cost |
3,950.00 |
1,700.00 |
|
E = A - D |
Total Fixed Cost |
16,400.00 |
16,400.00 |
- [2]
Maintenance Cost per month = 16400 real + 0.125 real X
- [3]
Maintenance cost = 16400 + (45000 x
0.125)
= 16400 + 5625
= 22,025 real.
Add Answer to:
Required 2: Develop a formula to express the cost
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Please answer asap! thank you!
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Please answer asap! thank you!
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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 269 U.S. dollar) Traveled by Month November cost 18,500 real 8 02:57,05 January Tebruary 14,850 17,300 19.750 23.900 31,400 13.400 18,950 19.400 April 17,900 Required: 1. Use the high-low method to estimate the variable cost per tour mile traveled and the fixed cost per...
please be clear with the answers, thank
you
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 13,950 16,700 19,450 23,300 30,800 12,800 Cost 17,900 real 18, 200 18,350 18,800 20,450 17,300 Required: 1. Use the high-low method...
please be clear in each answer, thank
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