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Russell Preston dellvers parts for several local auto parts stores. He charges clients 0.90 per mle driven. Russell has determined that If he drives 2,100
Russell Preston dellvers parts for several local auto parts stores. He charges clients 0.90 per mle 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 3.100 miles in a month, his average operating cost is $0.50 per mile. Russell has used the high-low method to determine that his monthly cost equation s: total cost = $1.220.00 + SO 2 per mile Required: 1. Determine how many miles Russell needs to drive to break even. Miles Break-Even Miles 2. Assume Russell drove 2,500 miles last month. Without making any additional calculations, determine whether he eaned a proftlt or a loss last month. Profit Loss 3. Detemine how many miles Russel must drive to earn $2,135 00 In protit Milcs Targct
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