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10 Franklin Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Month 2 July
10 Franklin Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Month 2 July Aug. Service hours points Revenue Operating costs 110 $5,830 $4,270 136 $7,208 $5,200 Sept. Oct. 256 424 $13,568 $22,472 $ 7,160 $11,160 Nov. 316 $16,748 Dec. $ 9,160 328 $17,384 $10,550 eBook Print References Required a. What is the average service revenue per hour in each month and the overall average for the six-month period? b. Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour. c. Determine the average contribution margin per hour. Complete this question by entering your answers in the tabs below. Required A Required B Required C Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour. (Do not round intermediate calculations. Round "Variable cost" to 2 decimal places and "Fixed cost" to nearest whole dollar.) Variable cost Fixed cost per hour per month < Required A Required C > Check my work
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