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Please show your work. Joyce Murphy runs a courier service in downtown Seattle. She charges clients S0.64 per mile driven. Joyce has determined that if
Please show your work.
Joyce Murphy runs a courier service in downtown Seattle. She charges clients S0.64 per mile driven. Joyce has determined that if she drives 2,750 miles in a month, her total operating cost is $875. If she drives 3,850 miles in a month, her total operating cost is $1,139 1. Using the high-low method, detemine Joyce's variable and ficed operating cost components. (Round your cost per unit answer to 2 decimal places.) Variable Cost per Mile Driven Fixed Cos: 2. Complete the contribution margin income statement for Joyce's service assuming she drove 1,950 miles last month. (Assume this falls within the relevant range of operations). MURP Contribution Margin Income Statement For the Last Month Contribution Margin Net Operating IncomeStep by Step Solution
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