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Wave Runners is a boat rental business that has the following costs over the relevant range of 12,000 to 18,000 operating hours for its boats:
Wave Runners is a boat rental business that has the following costs over the relevant range of 12,000 to 18,000 operating hours for its boats: Required: 1. Complete the schedule of the company's total and unit costs. (Round "Cost per hour" answers to 2 decimal places.) Operating Hours 14,000 16,000 18,000 12,000 Total costs: $ Variable costs 54,000 504,000 558,000 Fixed costs $ 0 0 0 $ $ $ Total costs Cost per unit: Variable cost Fixed cost 0.00 $ 0.00 0.00 $ 0.00 $ Total cost per hour rents it boats for $40 per hour and had 15 000 hours of rentals last vear Prepare a contribution format 2. Assume that Wave Runners rents it boats for $40 per hour and had 15,000 hours of rentals last year. Prepare a contribution format income statement for the year. 0 $ 0
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