finding average contribution margin per hour only part c i need help with 458972
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Newteh Computer Services, Inc., has been in business for six months. The following are basic operating data for that period. Don't use plagiarized sources. Get Your Custom Essay on
finding average contribution margin per hour only part c i need help with 458972
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| 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 | ||||||
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| Required: |
| 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 | $ | $ | $ | $ | $ | $ |
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| 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 | $ | |
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| 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 | $ |
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