Jordan Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: JulyAug.Sept.Oct.Nov.Dec.Service hours118140260424322326Revenue$6,962$8,260$15,340$25,016$18,998$19,234Operating costs$4,220$5,220$7,120$11,120$9,130$10,570Determine the average contribution margin per hour. (Round your answer to 2 decimal places.)

This Numerical has covered the concept of Marginal Costing .

Answered: Jordan Computer Services, Inc. has been…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Jordan Computer Services, Inc. has been in business for six months. The following are basic operating data for that period:

	July	Aug.	Sept.	Oct.	Nov.	Dec.
Service hours	118	140	260	424	322	326
Revenue	$6,962	$8,260	$15,340	$25,016	$18,998	$19,234
Operating costs	$4,220	$5,220	$7,120	$11,120	$9,130	$10,570

Determine the average contribution margin per hour. (Round your answer to 2 decimal places.)

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