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 companys total and unit costs. (Round "Cost per unit" answers to 2 decimal places.)

	Operating Hours
	18,000	20,000	22,000	24,000
Total costs:
Variable costs	$61,200
Fixed costs	277,200
Total costs	$338,400	$0	$0	$0
Cost per unit:
Variable cost
Fixed cost
Total cost per hour	$0.00	$0.00	$0.00	$0.00

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.