Question
Stuart Computer Services, Incorporated, has been in business for six months. The following are basic operating data for that period: Month July August September October
Stuart 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
Revenue $ $ $ $ $ $
Operating costs $ $ $ $ $ $
Required
What is the average service revenue per hour in each month and the overall average for the sixmonth period?
Use the highlow method to estimate the total monthly fixed cost and the variable cost per hour.
Determine the average contribution margin per hour.
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
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