Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 18 wave runners is a boat rental business that has

18 Wave Runners is a boat rental business that has the following costs over the...

70.2K

Verified Solution

Question

Accounting

18 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 64,000 1,504,800 $ 1,568,800 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.
image
Wave Runners is a bost rental business that has the following costs over the relevant range of 16,000 to 22,000 operating hours for its boots: 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 is boats for $88 per hour and had 19,000 hours of rentals last yeac: Prepare a contribution format income statement for the year

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the pH of 0.213 M NaF(aq)? HF: Ka = 7.2 * 10-4 Answer is 8.24

Chemistry
Q

(1 point) A tank is filled with 1000 liters of pure water. Brine containing 0.05 kg...

Advance Math
Q

Information about a shipment of mirrors to a local store is shown Broken Total Small...

Geometry
Q

hich graph is a relation non function OA OB 10 84 78842 10 1 10...

Geometry
Q

A truck travels north from a warehouse at an average speed of 35 MPH. A...

Basic Math
Q

Use the given circumference to find the surface area of the spherical object.a pincushion with...

Basic Math
Q

a limited liability partnership form of organization: a. decreases liability of all partners of a...

Accounting
Q

how to solve for the following questions Entries for...

Accounting
Q

Ron purchased a used camera (five-year property) for use in his sole proprietorship in the...

Accounting
Q

Required: Using the information provided below, complete Salt Source Inc.'s (SSI) 2013 Form 1120S. Also...

Accounting
Q

Review the following cash flows and the cost of capital for projects A and B....

Finance
Q

A trader enters a long position on 3 units of Brent Crude Oil futures contracts...

Finance