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dDetermine Joyce variable and fixed operating cost component

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Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.54 per mile driven. Joyce has determined that if she drives 2,500 miles in a month, her total operating cost is $750. If she drives 3,600 miles in a month, her total operating cost is $904.

Problem 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.)

Reference no: EM132700673

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