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 hour" answers to 2 decimal places.) Total costs: Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per hour $ 17,000 71,400 3,120,180 $ 3,191,580 $ 0.00 $ $ Operating Hours 19,000 0 $ 0.00 $ 21,000 RAMA 0 $ 0.00 $ 23,000 SILUE 0 0.00 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 hour" 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