Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rooney Computer Services, Incorporated, has been in business for six months. The following are basic operating data for that period: Month July August September October

image text in transcribedimage text in transcribed
Rooney Computer Services, Incorporated, has been in business for six months. The following are basic operating data for that period: Month July August September October November December Service hours 116 140 262 426 316 324 Revenue $ 6, 148 $ 7, 420 $ 13, 886 $ 22,578 $ 16, 748 $ 17, 172 Operating costs $ 4, 220 $ 5, 250 $ 7, 170 $ 11, 110 $ 9, 130 $ 10,530 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.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. x Answer is complete but not entirely correct. 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 $ 23.30 (X

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Gail Fayerman

1st Canadian Edition

9781118774113, 1118774116, 111803791X, 978-1118037911

Students also viewed these Mathematics questions