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Instructions Neptune Rentals offers a boat rental service. Consider the following costs of the company over the relevant range of 5,000 to 8,000 hours of
Instructions Neptune Rentals offers a boat rental service. Consider the following costs of the company over the relevant range of 5,000 to 8,000 hours of operating time for its hours: Hours of Operating Time 6,000 7,000 Total costs: Variable costs. Fixed costs.. Total costs.. Cost per hour: 5,000 .$ 40,000 210,000 $250,000 69 ? $ ? $ ? ? ? $ ? $? $ ? ? $ 8,000 Variable cost.. Fixed cost.. Total cost per hour......... Answer the following questions with your calculations to back your solutions. $ ? d $ ? ? 1. Compute the variable cost per unit. 2. Compute the total fixed cost when the operating time is 8,000 hours. 3. Compute the total cost when the operating time is 6,000 hours. 4. Compute the fixed cost per unit when the operating time is 5,000 hours. 5. Compute the total cost per unit when the operating time is 8,000 hours. 6. Compute the total cost when the operating time is 9,000 hours. ?
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