3.

Nickolas Rentals offers machine rental services for concrete cutting. Consider the following costs of the company over the relevant range of 5,000 to 8,000 hours of operating time for its concrete cutting equipment. What are the estimated total fxed costs at a volume of 8,000 Hours of Operating Time 5,000 6000 Z000 8000 Total Costs: Variable $ 40.000 Fixed Costs 168000 ?? Total Costs $208000??? Cost per hour: Variable cost Fixed cost? Total cost per hour O $200,000 O $188,000 O $196,000 O $168,000