1 Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.50 per mile driven. Joyce has determined that if she drives 3,300 miles in a month, her total operating cost is $875. If she drives 4,400 miles in a month, her total operating cost is $1,095. 3.25 points 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 last month. (Assume this falls within the relevant range of operations). Return to question 1 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 3.25 points Required 1 Required 2 Complete the contribution margin income statement for Joyce's service assuming she drove 3,700 miles last month. (Assume this falls within the relevant range of operations). JOYCE MURPHY Contribution Margin Income Statement For the Last Month Cost of Goods Sold x $ 2,400 X 0 X Variable Costs Variable Costs 480 x Fixed Costs x 215 X Contribution Margin $ 720 X 1,200 X Fixed Costs Variable Costs 480 X Gross Margin 215 x Net Operating Income $ 505 X