Wave Runners is a boat rental business that has the following costs over the relevant range of 16,000 to 22,000 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 $ 16,000 62,400 1,504,800 $ 1,567,200 Operating Hours 18,000 20,000 22,000 2. Assume that Wave Runners rents it boats for $88 per hour and had 19,000 hours of rentals last year. Prepare a contribution format income statement for the year.

Wave Runners is a boot rental business that has the following costs over the relevant range of 16,000 to 22,000 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 Wove Runners rents it boats for $88 per hour and had 19,000 hours of rentals last year. Prepare o contribution format income statement for the year