Stuart Computer Services, Inc. has been in business for six months. The following are basic operating...

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Stuart Computer Services, Inc. has been in business for six months. The following are basic operating data for that period Month Aug. Sept. Oct. Nov. Dec. July 112 Service hours 322 330 264 $14,256 136 430 $7,344 $23,220 $17,388 $4,240 $5,290 $ 7,120 $11,140 $ 9,170 Revenue $6,048 $17,820 Operating costs $10,500 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the average contribution margin per hour. (Round your answer to 2 decimal places.) Average contribution margin per hour < Required B Required C > Stuart Computer Services, Inc. has been in business for six months. The following are basic operating data for that period Month Aug. Sept. Oct. Nov. Dec. July 112 Service hours 322 330 264 $14,256 136 430 $7,344 $23,220 $17,388 $4,240 $5,290 $ 7,120 $11,140 $ 9,170 Revenue $6,048 $17,820 Operating costs $10,500 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the average contribution margin per hour. (Round your answer to 2 decimal places.) Average contribution margin per hour < Required B Required C >

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SOLUTION ANSWER Operating Service Month cost Hours Oct High 11120 426 Jul... View the full answer