Jayce Murphy runs a courier service in dawntown Seatle. She charges clients $0.60 per mile...
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Jayce Murphy runs a courier service in dawntown Seatle. She charges clients $0.60 per mile driven. Joyce has determined that ir she drives 2,650 miles in a month, her totail operating coet is $825. rshe drives 3,750 miles in a month, her tatal operating cost is $1,045. Required: 1. Using the high-ow method, determine Joyce's variable and fixed operatng cost components. (Round your cost per unit answer to 2 decimal places.) Variable Cost per Mile Driven Fixad Cost 2. Complete the cantribution margin income statement for Joyce's service assuming she drave 1,B50 miles last mont. (Assume this falls within the relevant range of aperations). JOYCE MURPHY Statement For the Last Month Contrituion Margn Nel Operaling Incoe
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