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
Cost per unit:
Variable cost
Fixed cost
Total cost per hour

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.