Question
Rooney Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Month July Aug. Sept. Oct.
Rooney Computer Services, Inc. has been in business for six months. The following are basic operating data for that period:
| Month | ||||||||||||||||||
| July | Aug. | Sept. | Oct. | Nov. | Dec. | |||||||||||||
| Service hours | 110 | 136 | 262 | 424 | 322 | 332 | ||||||||||||
| Revenue | $ | 5,830 | $ | 7,208 | $ | 13,886 | $ | 22,472 | $ | 17,066 | $ | 17,596 | ||||||
| Operating costs | $ | 4,210 | $ | 5,280 | $ | 7,170 | $ | 11,120 | $ | 9,110 | $ | 10,520 | ||||||
Required
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What is the average service revenue per hour in each month and the overall average for the six-month period?
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Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour.
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Determine the average contribution margin per hour.
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ISO 9001 Audit Trail A Practical Guide To Process Auditing Following An Audit Trail
Authors: David John Seear
1st Edition
1477234896, 978-1477234891
