Bethany drives 5,400 miles in a month, her average operating cost is $2.20 per mile....

80.2K

Verified Solution

Question

Accounting

Bethany drives 5,400 miles in a month, her average operating cost is $2.20 per mile. Required: 1. Using the high-low method, determine Bethanys variable and fixed operating cost components. (Round your cost per unit answer to 2 decimal places.) 2. Complete the contribution margin income statement for the business last month, when Bethany drove 2,970 miles. (Assume this falls within the relevant range of operations). (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole number.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students