Russell Preston delivers parts for several local auto parts stores. He charges clients $0.90 per mile driven. Russell has determined that it he drives 2,100 miles in a month. his average operating cost is $0.60 per mile. If he drives 4,100 miles in a month, his average operating cost is $0.40 per mile. Russell has used the high-ow method to determine that his monthly cost equation is total cost = $1,420+$019 per mile Required: 1. Determine how many miles Russell needs to drive to break even 2. Assume Russell drove 2,500 miles last month. Without making any additional calculations, determine whether he earned a profit or a loss last month. 3. Determine how many miles Russell must drive to earn $1,420 in profit. 4-0. Prepare a contribution margin income statement assuming Russell drove 2,500 miles last month. 4-b. Use the information provided in Req 4 ato calculate Russell's degree of operating leverage Complete this question by entering your answers in the tabs below. Determine how many mules Russell needs to ditve to break even. Russell Preston delivers parts for several local auto parts stores. He charges clients $0.90 per mile driven. Russell has determined that If he drives 2100 miles in a month, his average operating cost is $0.60 per mile. If he drives 4,100 miles in a month, his average operating cost is $0.40 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost = $1,420+$0.19 per mile Required: 1. Determine how many miles Russell needs to divive to break even. 2. Assume Russell drove 2.500 miles last month. Without making any additional calculations, determine whether he eamed a profit or a loss last month 3. Determine how many miles Russell must drive to earn $1,420 in profit. 4-a. Prepare a contribution margin income statement assuming Russell drove 2.500 miles last month. 4-b. Use the information provided in Req 4 a to calculate Russell's degree of operating leverage. Complete this question by entering your answers in the tabs below. Assume Russell drove 2.500 miles last month. Without making any additional calculations, determine whether he earned a profit or a losil last month. Russell Preston delivers parts for several local auto parts stores. He charges clients $0.90 per mile driven. Russell has determined that If he drives 2,100 miles in a month, his average operating cost is $0.60 per mile. If he drives 4,100 miles in a month, his average operating cost is $0,40 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost = $1,420+$0.19 per mile. Required: 1. Determine how many miles Russell needs to drive to break even 2. Assume Russell drove 2.500 miles last month. Without making any additional calculations, determine whether he earned a profit or a loss last month 3. Determine how many miles Russell must drive to earn $1,420 in profit 4-a. Prepare a contribution margin income statement assuming Russell drove 2,500 miles last month. 4.b. Use the information provided in Req 4 a to calculate Russell's degree of operating leverage Complete this question by entering your answers in the tabs below. Determine how many miles fussell must drive to eatn 51,420.00 in profit: Russell Preston delivers parts for several local auto parts stores. He charges clients $0.90 per male driven. Russell has determined that if he drives 2,100 miles in a month, his average operating cost is $0.60 per mile. if he drives 4,100 miles in a month, his average operating cost is $0.40 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost = $1,420+$0.19 per mile Required: 1. Determine how many mlles Russell needs to drive to break even. 2. Assume Russell drove 2,500 miles last month. Without making any additional calculations, determine whether he earned a profit or a loss last month 3. Determine how many miles Russell must drive to earn $1,420 in profit. 4-0. Prepare a contribution margin income statement assuming Russell drove 2,500 miles last month 4-b. Use the information provided in Req 4a to calculate Russells degree of operating leverage Complete this question by entering your answers in the tabs below. Prepace a contribution margin income statemient Wsuming Russeil drove 2, 500 miles fast month. Russell Preston delivers parts for several local auto parts stores. He charges clients $0.90 per mile driven. Russell has determined that If he dives 2,100 miles in a month, his average operating cost is $0,60 per mile. If he dives 4,100 miles in a month, his average operating cost is $0.40 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost = $1,420+$019 per mile. Required: 1. Determine how many miles Russell needs to drive to break even. 2. Assume Russell drove 2,500 miles last month. Without making any additional calculations, determine whether he earned a profit or a loss last month 3. Determine how many miles Russell must dive to earn $1,420 in profit 4-6. Prepare a contribution margin income statement assuming Russell drove 2.500 miles last month. 4-b. Use the information provided in Req 4 a to calculate Russelfs degree of operating leverage Complete this question by entering your answers in the tabs below. Use the intormation provided in Req 4 to calcuiate Russilis degree of operating leverage. (Round your answer to the 3 dedimal places.)