Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.52 per mile driven. Joyce has determined that if she drives 2,050 miles in a month, her total operating cost is $525. If she drives 3,150 miles in a month, her total operating cost is $657.

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Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.52 per mile driven. Joyce has determined that if she drives 2,050 miles in a month, her total operating cost is $525. If she drives 3,150 miles in a mornth, her total operating cost is $657 Required: 1. Using the high-low method, determine Joyce's variable and fixed operating cost components. (Round your cost per unlt answer to 2 declmal places. Varlable Cost per Mile Driven Fixed Cost 2. Complete the contribution margin income statemen for Jayce's service assuming she drove 1,200 miles last month. (Assume this falls within the relevant range of operations) JOYCE MURPHY n Margin Income Statement For the Last Month Contributio Marmr N Opting Inccotc