Question: E5-21 (Algo) Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement [LO 5-3,5-5] Bethany Link delivers parts for several local auto parts stores.

E5-21 (Algo) Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin

E5-21 (Algo) Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement [LO 5-3,5-5] Bethany Link delivers parts for several local auto parts stores. She charges clients $3.09 per mile driven. She has determined that if she drives 2,200 miles in a month, her average operating cost is $2.89 per mile. If Bethany drives 4,400 miles in a month, her average operating cost is $1.70 per mile. Required: 1. Using the high-low method, determine Bethany's variable and fixed operating cost components. 2. Complete the contribution margin income statement for the business last month, when Bethany drove 2,420 miles. (Assume this falls within the relevant range of operations)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

help? E5-21 (Algo) Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement [LO 5-3, 5-5) Bethany Link delivers parts for several local auto parts stores. She...

E5-21 (Algo) Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement [LO 5-3, 5-5) Bethany Link delivers parts for several local auto parts stores. She charges...

E5-21 (Algo) Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement [ LO 5-3, 5-5] Bethany Liang delivers parts for several local auto parts stores. She...

E5-21 (Algo) Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement [LO 5-3, 5-5] Bethany Liang delivers parts for Several local auto parts stores. She charges...

E5-21 (Algo) Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement [LO 5-3, 5-5] Bethany Liang delivers parts for several local auto parts stores. She charges...

E5-20 (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...

E5-20 (Algo) 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 Seattie. She charges clients...

please help E5-20 (Algo) 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...

I don't remember how to do this section. any help would be greatly appreciated, thank you. E5-20 (Algo) Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement...

E5-20 (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...

Assuming that the headlights of a car are point sources, estimate the maximum distance from an observer to the car at which the headlights are distinguishable from each other.

Select one tech giant from the following list: Alibaba, Alphabet (Google), Amazon, Apple, Baidu, Microsoft, Facebook, Tencent, or Xiaomi. Conduct an opposition research-style investigation into the...

This is a term used to describe the price that a seller receives when selling the security. This refers to a transaction that involves the sale of securities not owned by the seller who hopes to buy...

Skills necessary for success in marketing include Multiple select question. analytical thinking advertising industry experience infallibility ability to work with others

1. During the next week, study the listening habits of students in another class in which you are enrolled. Keep a journal of your observations by identifying the nonverbal behaviors you witness. Are...

2. If you decide to create your own brand, what personal qualities will give you greater visibility, recognition, and acceptance in the labor market? These qualities should send the message, Pick me;...

1. Some human resource department employees voice concerns when supervisors or team leaders get involved with the everyday problems of their workers. Discuss your thoughts regarding this issue.