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Wave Runners is a boat rental business that has the following costs over the relevant range of 24,000 to 30,000 operating hours for its boats:

Wave Runners is a boat rental business that has the following costs over the relevant range of 24,000 to 30,000 operating hours for its boats:

Required:

1. Complete the schedule of the companys total and unit costs. (Round "Cost per unit" answers to 2 decimal places.)

Operating Hours
24,000 26,000 28,000 30,000
Total costs:
Variable costs $93,600
Fixed costs 982,800
Total costs $1,076,400 $0 $0 $0
Cost per unit:
Variable cost
Fixed cost
Total cost per hour $0.00 $0.00 $0.00 $0.00

2. Assume that Wave Runners rents it boats for $42 per hour and had 27,000 hours of rentals last year. Prepare a contribution format income statement for the year.

0
$0

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