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

###### Question:

Fanning Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: 3333333 Service hours Revenue Operating costs July 114 $6,726$ 4,240 Aug. 136 $8,024$5,260 Month Sept. Oct. 258 428 $15, 222$25, 252 $7,150$11,140 Nov. 314 $18,526$ 9,170 Dec. 326 $19,234$10,560 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.

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