hornton 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 120 136 260 420 320 330 Revenue $ 6,000 $ 6,800 $ 13,000 $ 21,000 $ 16,000 $ 16,500 Operating costs $ 4,300 $ 5,300 $ 7,100 $ 11,200 $ 9,100 $ 10,600 Required What is the average service revenue per hour in each month and the overall average for the six-month period? Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour. Determine the average contribution margin per hour.
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