Wave Runners is a boat rental business that has the following costs over the relevant range of 17,000 to 23,000 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.)

2. Assume that Wave Runners rents it boats for $168 per hour and had 20,000 hours of rentals last year. Make a contribution format income statement for the year.

21 courselink.uoguel X D21 Quiz List - HTM*2 X D21 Outline - F22 - AC X D2L Homepage - MCS X D2L Quiz List - HROB* X Question 19 - Pos X Homework Help - X G Wave Runners is X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fm... dj Post-Class Quiz - Chapter 3 i Saved Help Save & Exit Submit Wave Runners is a boat rental business that has the following costs over the relevant range of 17,000 to 23,000 operating hours for its 19 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 17,000 19,000 21,000 23,000 Total costs: Variable costs $ 59,500 $ 66,500 $ 73,500 $ 30,500 Fixed costs 3, 120, 180 3,120, 180 3, 120, 180 3, 120, 180 Total costs $ 3, 179,680 $ 3, 186,680 $ 3, 193,680 $ 3,200,680 Cost per unit: Variable cost $ 3.50 $ 3.50 $ 3.50 $ 3.50 Fixed cos 183.54 164.22 148.58 135.66 : Total cost per hour $ 187.04 $ 167.72 $ 152.08 $ 139.16 2. Assume that Wave Runners rents it boats for $168 per hour and had 20,000 hours of rentals last year. Prepare a contribution format income statement for the year. $ Mc Graw Hill