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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:
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 unit" answers to 2 decimal places.) 17,000 Operating Hours 19,000 21,000 23,000 50,599 Total costs: Variable costs Faced costs Total costs Cost per unit: Variable cost Foxed cost Total cost per hour $ 3.120, 180 $ 3.179.680 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
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