Neptune Rentals offers a boat rental service. Consider the following costs of the company over the relevant of 500 to 800 hours of operating time for its hours:

Hours of Operating Time

500 600 700 800

Total costs:

Variable costs $ 8,000 $ ? $ ? $ ? Fixed costs $21,000 ? ? ?

Total costs.. $29,000 $ ? $ ? $ ?

Cost per hour: Variable cost $ ? $ ? $ ? $ ? Fixed cost ? ? ? ?

Total cost per hour. $ ? $ ? $ ? $ ?

Compute the fixed cost per unit when the operating time is 500 hours.

Question 2 options:

A)

$40

B)

$42

C)

$41

D)

$39