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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: Required: 1. Complete the schedule of the company's total and unit costs. (Round "Cost per hour" answers to 2 decimal places.) Total costs: Variable 003$ $ 57,600 64,000 $ 70,400 $ 76,800 Fixed costs 277,200 277,200 277,200 277,200 $ 334,800 $ 341,200 $ 347,600 $ 354,000 s Total cost per hour 2. Assume that Wave Runners rents it boats for $17 per hour and had 21,000 hours of rentals last year. Prepare a contribution format income statement for the year. $ 357.000 ariable expenses _ Contribution margin 357,000 ixed expenses Operating income
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