Help Save & EX Exercise 3-5 Cost Behaviour; Contribution Format Income Statement (LOI, LO3] 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 unit" answers to 2 decimal places.) 16,000 Operating Hours 18,000 20,000 22,000 $ 62.400 1,504.800 $ 1,567 200 Total costs: Variable costs Fixed costs Total costs Cost per unit Variable cost Fixed cost Total cost per hour non hours of rentals last year. Prepare a contribution format Help Save & E Cost per unit Variable cost Fixed cost Total cost per hour Book 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. Ask Print