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Wave Runners is a boat rental business that has the following costs over the relevant range of 13,000 to 19,000 operating hours for its boats
Wave Runners is a boat rental business that has the following costs over the relevant range of 13,000 to 19,000 operating hours for its boats Required: 1. Complete the schedule of the company's total and unit costs. (Round "Cost per unit" answers to 2 decimal places.) Operating Hours 15,000 17,000 13,000 19,000 Total costs: Variable costs Fixed costs Total costs Cost per unit: $ 42,900 1,007,760 $ 1,050,660 Variable cost Fixed cost Total cost per hour 2. Assume that Wave Runners rents it boats for $70 per hour and had 16,000 hours of rentals last year. Prepare a contribution format income statement for the year
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