Question: E5-21 (Algojl Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement [L0 5-3, 5-5] Bethany Liang delivers parts for several local auto parts

E5-21 (Algojl Estimating Cost Behavior Using
E5-21 (Algojl Estimating Cost Behavior Using High-Low Method, Preparing Contribution Margin Income Statement [L0 5-3, 5-5] Bethany Liang delivers parts for several local auto parts stores. She charges clients $3.44- per mile driven. She has determined that if she drives 2.300 miles in a month, her average operating cost is $3.24 per mile. If Bethany.r drives 4.600 miles in a month, her average operating cost is $1.80 per mile. Required: 1. Using the highlow method. determine Bethany's variable and xed operating cost components. 2. Complete the contribution margin income statement for the business last month, when Bethany drove 2.530 miles. [.itssu me this falls within the relevant range of operations}. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the high-low method, determine Bethany's variable and xed operating cost components. Note: Round your cost per mile answer to 2 decimal places. Variable cost per mile driven $ [1.62 5

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