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Bethany Link delivers parts for several local auto parts stores. She charges clients $3.81 per mile...
Bethany Link delivers parts for several local auto parts stores. She charges clients $3.44 per mile...
Bethany Link 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 drives 4,600 miles in a month, her average operating cost is $1.80 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...
Zoom in on numbers Bethany Link delivers parts for several local auto parts stores She charges...
Zoom in on numbers
Bethany Link delivers parts for several local auto parts stores She charges clients $2 93 per mile driven She has determined that f she drives 2,600 miles in a month, her average operating cost s $2 73 per mle. If Bethany drives 5.200 miles in a month, her average operating cost is $2 10 per mle Required: 1. Using the high-low method, determine Bethany's vanable and fhxed operating cost components. (Round your cost per unit answer...
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven....
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven. Joyce has determined that if she drives 2650 miles in a month, her total operating cost is $825. If she drives 3.750 miles in a month, her total operating cost is $1,045. Required: 1. Using the high-low method, determine Joyce's variable and fixed operating cost components 2. Complete the contribution margin income statement for Joyce's service assuming she drove 1850 miles last month. (Assume...
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.66 per mile driven....
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. 2. Complete the contribution margin income statement for Joyce's service assuming she drove 2,000 miles last month. (Assume...
Russell Preston delivers parts for several local auto parts stores. He charges clients $0.85 per mile...
Russell Preston delivers parts for several local auto parts stores. He charges clients $0.85 per mile driven. Russell has determined that if he drives 3,000 miles in a month, his average operating cost is $0.75 per mile. If he drives 5,000 miles in a month, his average operating cost is $0.55 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost = $1,320 + $0.25 per mile. Required: 1. Determine how many...
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven....
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven. Joyce has determined that if she drives 2,850 miles in a month, her total operating cost is $925. If she drives 3,950 miles in a month, her total operating cost is $1,145 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....
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.50 per mile driven....
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.50 per mile driven. Jayce has determined that if she drives 3,300 miles in a month, her total operating cost is $875. If she drives 4,400 miles in a month, her total operating cost is $1,095. 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....
Russell Preston delivers parts for several local auto parts stores. He charges clients $0.75 per mile...
Russell Preston delivers parts for several local auto parts stores. He charges clients $0.75 per mile driven. Russell has determined that if he drives 2,400 miles in a month, his average operating cost is $0.60 per mile. If he drives 3,400 miles in a month, his average operating cost is $0.55 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost = $640 + $0.43 per mile. Required: 1. Determine how many...
Russell Preston delivers parts for several local auto parts stores. He charges clients $1.20 per mile...
Russell Preston delivers parts for several local auto parts stores. He charges clients $1.20 per mile driven. Russell has determined that if he drives 2,700 miles in a month, his average operating cost is $0.80 per mile. If he drives 3,700 miles in a month, his average operating cost is $0.70 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost = $1,540 + $0.43 per mile. Required: 1. Determine how many...
Russell Preston delivers parts for several local auto parts stores. He charges clients $0.75 per mile...
Russell Preston delivers parts for several local auto parts stores. He charges clients $0.75 per mile driven Russell has determined that if he drives 3,700 miles in a month, his average operating cost is $0.70 per mile. If he drives 5,700 miles in a month, his average operating cost is $0.50 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost - $1,085 + $0.13 per mile. Required: 1. Determine how many...
Bethany Link 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 drives 4,600 miles in a month, her average operating cost is $1.80 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...
Zoom in on numbers
Bethany Link delivers parts for several local auto parts stores She charges clients $2 93 per mile driven She has determined that f she drives 2,600 miles in a month, her average operating cost s $2 73 per mle. If Bethany drives 5.200 miles in a month, her average operating cost is $2 10 per mle Required: 1. Using the high-low method, determine Bethany's vanable and fhxed operating cost components. (Round your cost per unit answer...
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven. Joyce has determined that if she drives 2650 miles in a month, her total operating cost is $825. If she drives 3.750 miles in a month, her total operating cost is $1,045. Required: 1. Using the high-low method, determine Joyce's variable and fixed operating cost components 2. Complete the contribution margin income statement for Joyce's service assuming she drove 1850 miles last month. (Assume...
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. 2. Complete the contribution margin income statement for Joyce's service assuming she drove 2,000 miles last month. (Assume...
Russell Preston delivers parts for several local auto parts stores. He charges clients $0.85 per mile driven. Russell has determined that if he drives 3,000 miles in a month, his average operating cost is $0.75 per mile. If he drives 5,000 miles in a month, his average operating cost is $0.55 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost = $1,320 + $0.25 per mile. Required: 1. Determine how many...
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven. Joyce has determined that if she drives 2,850 miles in a month, her total operating cost is $925. If she drives 3,950 miles in a month, her total operating cost is $1,145 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....
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.50 per mile driven. Jayce has determined that if she drives 3,300 miles in a month, her total operating cost is $875. If she drives 4,400 miles in a month, her total operating cost is $1,095. 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....
Russell Preston delivers parts for several local auto parts stores. He charges clients $0.75 per mile driven. Russell has determined that if he drives 2,400 miles in a month, his average operating cost is $0.60 per mile. If he drives 3,400 miles in a month, his average operating cost is $0.55 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost = $640 + $0.43 per mile. Required: 1. Determine how many...
Russell Preston delivers parts for several local auto parts stores. He charges clients $0.75 per mile driven Russell has determined that if he drives 3,700 miles in a month, his average operating cost is $0.70 per mile. If he drives 5,700 miles in a month, his average operating cost is $0.50 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost - $1,085 + $0.13 per mile. Required: 1. Determine how many...
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