Wave Runners is a boat rental business
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 company’s total and unit costs. (Round "Cost per unit" answers to 2 decimal places.)
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.
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Wave Runners is a boat rental business that has the following costs over the relevant range...
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 boats: 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 22,000 18,000 24,000 Total costs: Variable costs 68,4001 277.2007 345,600 277,2007 277,200 277,200 277,200 277,200 277,200 $ $ $ $ Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total...
Wave Runners is a boat rental business that has the following costs over the relevant range...
Wave Runners is a boat rental business that has the following costs over the relevant range of 12,000 to 18,000 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.) Operating Hours 14,000 12,000 16,000 18,000 Total costs Variable costs $ 54,000 504,000 $ 558,000 Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per hour 0.00 0.00 $ 0.00...
Wave Runners is a boat rental business that has the following costs over the relevant range...
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 unit" answers to 2 decimal places.) 17,000 Operating Hours 19,000 21,000 23,000 Total costs: Variable costs Fixed costs Total costs $ 79,900 3,120,180 $ 3.200,000S 0S 0 Cost per unit: Variable cost Fixed cost Total cost per hour $ 0.00...
Item1 10points ItemSkipped eBook Print References Check my workCheck My Work button is now enabled1 Item...
Item1 10points ItemSkipped eBook Print References Check my workCheck My Work button is now enabled1 Item 1 Item 1 10 points Item Skipped 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: Operating Hours 17,000 19,000 21,000 23,000 Total costs: Variable costs $59,500 Fixed costs 3,120,180 Total costs $3,179,680 $0 $0 $0 Cost per unit: Variable cost Fixed cost Total cost per hour $0.00...
Please show work. Thank you Practice Problem 1 Cost Behavior Standard Com Neptune Rentals offers a...
Please show work. Thank you
Practice Problem 1 Cost Behavior Standard Com Neptune Rentals offers a boat rental service. Consider the following costs of the company over the relevant range of 5,000 to 8,000 hours of operating time for its boats: Hours of Operating Time 6,000 7,000 5,000 8,000 Total costs: Variable costs $ 20,000 $168,000 $ $ no Fixed costs Total costs $188,000 Costs per hour: Variable cost Fixed cost Total cost per hour A Required: Compute the missing...
exercise 3-4 Refer to the data in Exercise 1-2 for the Halifax General HOLL Required: 1....
exercise 3-4
Refer to the data in Exercise 1-2 for the Halifax General HOLL Required: 1. Using the high low method estimate the fixed cost of admitting patients per month and the vari- able cost of admissions per patient. 2 What factors other than the number of patients admitted are likely to affect changes in admitting department costs from month to month? CHECK FIGURE Variable costs patient: Fixed cc $19.000 EXERCISE - Contribution Format Income Statement (L03) The Rhythm Shop...
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Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total...
Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs per unit over the relevant range of 55,000 to 95,000 units is given below: Required: 1. Complete the schedule of the company’s total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 85,000 units during the year at a selling price of $9.00 per unit. Prepare a contribution format income...
Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total...
Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs per unit over the relevant range of 50,000 to 90,000 units is given below: Required: 1. Complete the schedule of the company’s total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 80,000 units during the year at a selling price of $9.47 per unit. Prepare a contribution format income...
Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total...
Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs per unit over the relevant range of 52,000 to 92,000 units is given below: Required: 1. Complete the schedule of the company’s total costs and costs per unit as given in the relevant tab below Units Produced and Sold 52,000 72,000 92,000 Total costs: Variable costs $192,400 288,000 Fixed costs 310,000 Total costs $502,400 $288,000 $0 Cost per unit: Variable cost...
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 boats: 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 22,000 18,000 24,000 Total costs: Variable costs 68,4001 277.2007 345,600 277,2007 277,200 277,200 277,200 277,200 277,200 $ $ $ $ Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total...
Wave Runners is a boat rental business that has the following costs over the relevant range of 12,000 to 18,000 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.) Operating Hours 14,000 12,000 16,000 18,000 Total costs Variable costs $ 54,000 504,000 $ 558,000 Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per hour 0.00 0.00 $ 0.00...
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 unit" answers to 2 decimal places.) 17,000 Operating Hours 19,000 21,000 23,000 Total costs: Variable costs Fixed costs Total costs $ 79,900 3,120,180 $ 3.200,000S 0S 0 Cost per unit: Variable cost Fixed cost Total cost per hour $ 0.00...
Please show work. Thank you
Practice Problem 1 Cost Behavior Standard Com Neptune Rentals offers a boat rental service. Consider the following costs of the company over the relevant range of 5,000 to 8,000 hours of operating time for its boats: Hours of Operating Time 6,000 7,000 5,000 8,000 Total costs: Variable costs $ 20,000 $168,000 $ $ no Fixed costs Total costs $188,000 Costs per hour: Variable cost Fixed cost Total cost per hour A Required: Compute the missing...
exercise 3-4
Refer to the data in Exercise 1-2 for the Halifax General HOLL Required: 1. Using the high low method estimate the fixed cost of admitting patients per month and the vari- able cost of admissions per patient. 2 What factors other than the number of patients admitted are likely to affect changes in admitting department costs from month to month? CHECK FIGURE Variable costs patient: Fixed cc $19.000 EXERCISE - Contribution Format Income Statement (L03) The Rhythm Shop...
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