E5-20 (Static) Estimating Cost Behavior Using High-Low Method, Preparing Contril Statement [LO 5-3, 5-5] Joyce Murphy ru

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E5 20 Static Estimating Cost Behavior Using High Low Method Preparing Contril Statement Lo 5 3 5 5 Joyce Murphy Ru 1 (24.18 KiB) Viewed 15 times

E5-20 (Static) Estimating Cost Behavior Using High-Low Method, Preparing Contril Statement [LO 5-3, 5-5] Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.50 per mile driven. Joyce drives 3,300 miles in a month, her total operating cost is $875. If she drives 4.400 miles in a month, her tota Required: 1. Using the high-low method, determine Joyce's variable and fixed operating cost components. 2. Complete the contribution margin income statement for Joyce's service assuming she drove 3,700 miles falls within the relevant range of operations).