Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. using the high-low method, determine bethany's var

Using the high-low method, determine Bethany's variable and fixed operating cost components. Note: Round your...

60.1K

Verified Solution

Question

Accounting

image
image
image
Using the high-low method, determine Bethany's variable and fixed operating cost components. Note: Round your cost per mile answer to 2 decimal places. Compicte the contribution margin income statement for the business last month, when Bethany drove 1,210 miles. (Assume this falls within the relevant range of operations). Note: Round your intermediate calculations to 2 decimal places and final answers to the nearest whole number: Bethany Liang delivers parts for several local auto parts stores. She charges clients $1.04 per mile driven. She has determined that if she drives 1,100 miles in a month, her average operating cost is $.84 per mile. If Bethany drives 2,200 miles in a month, her average operating cost is $0.60 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 lost month, when Bethany drove 1,210 miles. (Assume this falls within the relevant range of operations). Complete this question by entering your answers in the tabs below

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Desta is a gambler and regularly plays several rounds of a gamble in which he wins...

Operations Management
1.2K views

Differentiate between Tesco’s logistics and marketing channels and the important role in managing their vast product...

Physics
1.2K views

The combination of straight and the circular wire carrying current i is shown in the...

Geometry
1.2K views

The following expression is known as the Binomial Theorem 1 b 1 C b C...

Geometry
1.2K views

26 Using the grid provided sketch the graph of the given function in the interval...

Basic Math
1.2K views

If you make 42 500 and get 1700 raises each year in how many years...

Algebra
1.2K views

Simplify Assume all variables represent positive values Do not use a calculator or round to...

Accounting
1.2K views

Bressette Corporation has provided the following information: Cost per Unit Cost...

Accounting
1.2K views

(16 points) Rogers Co. had a sheet metal cutter that cost $120,000 on January 5,2010....

Accounting
1.2K views

Current Attempt in Progress Marigold Company loaned $55,537 to Hemingway, Inc, accepting Hemingway's 2-year. $67,200,...

Finance
1.2K views

Only questions 1 & 2. Chapter 9 Net Present Value and Other...

Finance
1.2K views

Question 23 3 pts In a particular year, the Super Short Fund made the following...