2.50 points E5-17 Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement [LO 5-3,5-5 Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.66 per mile driven. Joyce has determined that if she drives 2,800 miles in a month, her total operating cost is $900. If she drives 3,900 miles in a month, her total operating cost is $1,186 Required: 1. Using the high-low method, determine Joyce's variable and fixed operating cost components. (Round your cost per unit answer to 2 decimal places.) Variable Cost per Mile Driven Fixed Cost 2. Complete the contribution margin income statement for Joyce's service assuming she drove 2,000 miles last month. (Assume this falls within the relevant range of operations). JOYCE Contribution Margin Income Statement For the Last Month Contribution Margin Net Operating Income