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 companys total and unit costs. (Round "Cost per unit" 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. Prepare a contribution format income statement for the year.

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.) Operating Hours 19,000 21,000 17,000 23,000 $ 59,500 3,120,180 $ 3,179,680 $ 0 $ 0 $ 0 Total costs: Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per hour 0.00 $ 0.00 $ 0.00 0.00