finding average contribution margin per hour only part c i need help with 458972
Aug 29, 2021 | Uncategorized
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Newteh Computer Services, Inc., has been in business for six months. The following are basic operating data for that period.
|
|
Month |
|
|
|
July |
Aug. |
Sept. |
Oct. |
Nov. |
Dec. |
| Service hours |
|
118 |
|
|
138 |
|
|
256 |
|
|
428 |
|
|
320 |
|
|
328 |
|
| Revenue |
$ |
6,490 |
|
$ |
7,590 |
|
$ |
14,080 |
|
$ |
23,540 |
|
$ |
17,600 |
|
$ |
18,040 |
|
| Operating costs |
$ |
4,220 |
|
$ |
5,240 |
|
$ |
7,140 |
|
$ |
11,170 |
|
$ |
9,160 |
|
$ |
10,590 |
|
|
| a. |
What is the average service revenue per hour for the six-month time period? (Omit the “$” sign in your response.)
|
| Month |
July |
Aug. |
Sept. |
Oct. |
Nov. |
Dec. |
| Average service revenue per hour |
$ |
$ |
$ |
$ |
$ |
$ |
|
| b. |
Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour. (Do not round intermediate calculations. Round your variable cost to 2 decimal places and fixed cost to the nearest dollar amount. Omit the “$” sign in your response.)
|
|
| Variable cost |
$ |
per hour |
| Fixed cost |
$ |
|
|
| c. |
Determine the average contribution margin per hour. (Round your answer to 2 decimal places. Omit the “$” sign in your response.) |
| Contribution margin per hour |
$ |
