Philippine Island Tours has incurred the following bus maintenance costs during the recent tourist season. Answer the following: Using the high-low method, determine which month is the highest? Using...

Philippine Island Tours has incurred the following bus maintenance costs during the recent tourist season.

Answer the following:

1. Using the high-low method, determine which month is the highest?


2. Using the high-low method, determine which month is the lowest?


3. Using the high-low method, determine the variable cost per tour mile traveled. (Use this format 0..123)


4. Using the high-low method, determine fixed cost per month (Use this format 10,000)


5. Using the high-low method Develop a formula to express the cost behavior exhibited by the company’s maintenance cost. (Use this format Y=2a+10)


6. Using the high-low method, predict the level of maintenance cost that would be incurring during the month of May when 34,000 tour miles are driven. (Use this format 10,000)

Extracted text: Month Miles Traveled by Tour Maintenance Buses Cost November 12,750 P17,100 December 15,900 P17,400 January 19,050 P17,550 February 22,500 P18,000 March 30,000 P18,750 April 12,000 P16,500