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Wave Runners is a boat rental business that has the following costs over the relevant range of 20,000 to 26,000 operating hours for its boats:
Wave Runners is a boat rental business that has the following costs over the relevant range of 20,000 to 26,000 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 22,000 24,000 20,000 26,000 $ 60,000 3,946,800 $ 4,006,800 Total costs: Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per hour 2. Assume that Wave Runners rents it boats for $182 per hour and had 23,000 hours of rentals last year. Prepare a contribution format income statement for the year
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