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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
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 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). Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Ask 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). Print JOYCE MURPHY Contribution Margin Income Statement References For the Last Month Sales Revenue Variable Costs 0 Contribution Margin Fixed Costs Net Operating Income
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