Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Thornton Computer Services, Incorporated, has been in business for six months. The following are basic operating data for that period: Service hours Revenue Operating

 

Thornton Computer Services, Incorporated, has been in business for six months. The following are basic operating data for that period: Service hours Revenue Operating costs July 120 $ 6,000 $ 4,300 Required A Required B August Month Average service revenue per hour 136 $ 6,800 $ 5,300 Required C Month September 260 $ 13,000 $ 7,100 October Complete this question by entering your answers in the tabs below. 420 $ 21,000 $ 11,200 Required a. What is the average service revenue per hour in each month and the overall average for the six-month period? b. Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour. c. Determine the average contribution margin per hour. Required A November 320 $ 16,000 $ 9,100 December 330 $ 16,500 $ 10,600 What is the average service revenue per hour in each month and the overall average for the six-month period? July August September October November December Total Avera $ Required B >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate the average service revenue per hour for each month and the overall average for the sixmonth period you need to divide the total revenue ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Managerial Accounting Concepts

Authors: Edmonds, Tsay, olds

6th Edition

71220720, 78110890, 9780071220729, 978-0078110894

More Books

Students also viewed these Accounting questions

Question

What can individuals do to terminate racism?

Answered: 1 week ago

Question

What is e-waste, and why is it a growing concern?

Answered: 1 week ago