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Wave Runners is a boat rental business that has the following costs over the relevant range of 18,000 to 24,000 operating hours for its boats
Wave Runners is a boat rental business that has the following costs over the relevant range of 18,000 to 24,000 operating hours for its boats Requlred: 1. Complete the schedule of the company's total and unit costs. (Round "Cost per unlt" answers to 2 declmal places.) Operating Hours 8,00020,000 22,000 24,000 Total costs Variable costs S 79,200 277.200 S 35.400 Fixed costs Total costs Cost per unit: Variable cost Foxed cost Total cost per hour 2. Assume that Wave Runners rents it boats for $18 per hour and had 21,000 hours of rentals last year. Prepare a contribution format income statement for the year
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