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Vernon Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Service hours Revenue Operating costs
Vernon Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Service hours Revenue Operating costs July 120 $6,240 $4,280 Aug. 134 $6,968 $5,270 Month Sept. Oct. Nov. 262 420 322 $13,624 $21,840 $16, 744 $ 7,170 $11, 120 $ 9, 160 Dec. 330 $17, 160 $10,540 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 Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour. (Do not round intermediate calculations. Round "Variable cost" to 2 decimal places and "Fixed cost" to nearest whole dollar.) Variable cost per hour Fixed cost per month Vernon Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Service hours Revenue Operating costs Month July Aug. Sept. Oct. Nov. 120 134 262 420 322 $6,240 $6,968 $13,624 $21,840 $16,744 $4,280 $5,270 $ 7,170 $11, 120 $ 9, 160 Dec. 330 $17,160 $10,540 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 Determine the average contribution margin per hour. (Round your answer to 2 decimal places.) Average contribution margin per hour
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