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Wave Runners is a boat rental business that has the following costs over the relevant range of 24,000 to 30,000 operating hours for its


 

Wave Runners is a boat rental business that has the following costs over the relevant range of 24,000 to 30,000 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.) 24,000 Operating Hours 26,000 28,000 30,000 Total costs Variable costs $ Fixed costs 93,600 982,800 $ 1,076,400 $ 0 $ Total costs Cost per unit Variable cost Fixed cost Total cost per hour $ 69 O 0 0.00 $ 0.00 $ 0.00 $ 0.00 2. Assume that Wave Runners rents it boats for $42 per hour and had 27,000 hours of rentals last year. Prepare a contribution format income statement for the year.

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