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 $0.62 per mile driven. Anita has determined that if she drives 2,900 miles in a month, her total operating cost is $950. If she drives 4,000 miles in a month, her total operating cost is $1,192. Required: 1. Using the high-low method, determine Anita's variable and fixed operating cost components. 2. Complete the contribution margin income statement for Anita's service assuming she drove 2,100 miles last month. (Assume this falls within the relevant range of operations). Complete this question by entering your answers in the tabs below. 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
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