E$5-20($Algo$)$ Estimating Cost Behavior Using High$-$Low Method, Preparing Contribution Margin Income Statement $[$LO $5-3,5-5]$

Anita Kaur runs a courier service in downtown Seattle. She charges clients $$0\mathrm{.}64$ per mile driven. Anita has determined that if she drives $2,350$ miles in a month, her total operating cost is $$675.$ If she drives $3,450$ miles in a month, her total operating cost is $$939.$

Required:

Using the high$-$low method, determine Anita's variable and fixed operating cost components.

Complete the contribution margin income statement for Anita's service assuming she drove $1,500$ miles last month. $($Assume this falls within the relevant range of operations$).$

Complete this question by entering your answers in the tabs below.

Requirec. $1$

Required $2$

Using the high$-$low method, determine Anita's variable and fixed operating cost components.

Note: Round your cost per mile answer to $2$ decimal places.

Variable Cost per Mile Driven

Fixed Cost

Anita Kaur runs a courier service in downtown Seattle. She charges clients $$0\mathrm{.}64$ per mile driven. Anita has determined that if she drives $2,350$ miles in a month, her total operating cost is $$675.$ If she drives $3,450$ miles in a month, her total operating cost is $$939.$

Required:

Using the high$-$low method, determine Anita's variable and fixed operating cost components.

Complete the contribution margin income statement for Anita's service assuming she drove $1,500$ miles last month. $($Assume this falls within the relevant range of operations$).$

Complete this question by entering your answers in the tabs below.

Required $2$

Complete the contribution margin income statement for Anita's service assuming she drove $1,500$ miles last month. $($Assume this falls within the relevant range of operations$).$

$\backslash$table$[[$Anita Kaur$],[$Contribution Margin Income Statement,$],[,],[,],[,],[,],[$Contribution Margin,$],[,],[,],[$Net Operating Income,$]]$