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Problem 2-26A (Algo) Estimating fixed and variable cost LO 2-6 Finch Computer Services, Incorporated, has been in business for six months. The following are
Problem 2-26A (Algo) Estimating fixed and variable cost LO 2-6 Finch Computer Services, Incorporated, has been in business for six months. The following are basic operating data for that period: Month Service hours Revenue July 114 $ 5,814 Operating costs $ 4,200 August 136 $ 6,936 $ 5,200 September October 262 November 424 324 $ 13,362 $ 7,160 $ 11,130 $ 21,624 $ 16,524 $ 9,130 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 What is the average service revenue per hour in each month and the overall average for the six-n Month Average service revenue per hour July August September October November Required A Required B 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. Note: Do not round intermediate calculations. Round "Variable cost" to 2 decimal places and "Fixe dollar. Variable cost Fixed cost per hour per month Required A Required C > Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the average contribution margin per hour. Note: Round your answer to 2 decimal places. Average contribution margin per hour < Required B Required C
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