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Wave Runners is a boat rental business that has the following costs over the relevant range of 14,000 to 20,000 operating hours for its poats:
Wave Runners is a boat rental business that has the following costs over the relevant range of 14,000 to 20,000 operating hours for its poats: Required: 1. Complete the schedule of the company's total and unit costs. (Round "Cost per unit" answers to 2 decimal places.) Operating Hours 20,000 14,000 16,000 18,000 Total costs 54,600 Variable costs Foced costs 858,800 Total costs 911,400 Cost per unit: Variable cost Foxed cost Total cost per hour 2. Assume that Wave Runners rents it boats for $57 per hour and had 17,000 hours of rentals last year. Prepare a contribution format ncome statement for the year
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