Which is the formula used to calculate variable cost per guest (VC/Guest)? a. Total variable costs /

Question:

Which is the formula used to calculate variable cost per guest (VC/Guest)?

a. Total variable costs / Number of guests

b. Number of guests / Total variable costs

c. Total semi-variable costs / Number of guests

d. Number of guests / Total semi-variable costs

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

See More Books

Question Posted: Apr 30, 2018 01:11 AM

See More Questions

Which is the formula used to calculate a ratio? a. Part / Whole= Ratio b. Whole / Part =Ratio c. Part x Whole =Ratio d. Whole x Part =Ratio
Which is the formula used to calculate flow-through? a. (GOP This period GOP Last period) / (Total Revenue This Period Total Revenue Last Period) b. (GOP This period + GOP Last period) / (Total...
Multiple Choice Questions 1. An account used to record the owner's investments in the business is called a(n): A) Withdrawals account. B) Capital account. C) Revenue account. D) Expense account. E)...
On April 1 of the current taxable year, Mr. Lasing Gho died leaving Php 25, 000, 000 of net distributable estate. He also left behind Tessie, his legitimate wife; Rhealyn, his legally adopted...
You are the manage- of the Gander Mountain store in Frogtown, Illinois Recently, a customer mentioned that they believed your prices for ammunition were lower than the prices of Gander Mountain's...
Compare simple regression to multiple regression. When would you use simple regression? When would you use multiple regression?
Find a form for a writ of attachment in California by viewing www.courts.ca.gov/forms.htm.
Do you believe that Deloitte behaved properly by accepting GMs decision to apply a 6.75 percent discount rate to its pension liabilities? What, if any, other steps or measures should Deloitte have...
Using a country of your choice obtain CPI data and reports for 2015 to 2020. a. Using trend analysis identify the basket (s) of goods which contributed the most to inflation. 10 marks b. What are the...
A Gallup poll indicated that 20% of Americans had confidence in U.S. banks. Interestingly, 58% also said that they had confidence in their main or primary bank. (data extracted from D. Jacobs,...
A variable cost is one that a. Increases as volume increases and decreases as volume decreases. b. Increases as volume increases and increases as volume decreases. c. Decreases as volume increases...
Which is the best example of a mixed cost in the hotel industry? a. Cost of the telephone system b. Cost of the Executive Housekeeper c. Cost of pest extermination services d. Cost of bars of soap...
In Figure P32.68, $\mathrm{C}_{1}=1.00 \mu \mathrm{F}, \mathrm{C}_{2}=2.00 \mu \mathrm{F}$, and $L=$ $47.0 \mathrm{mH}$. Which circuit has the lower resonant angular frequency, and what is that...
When auditing within the expenditure/disbursement cycle, auditors often rely predominantly on interim tests of controls rather than year end substantive tests of details. In fact, in many cases, year...
How does an auditor evaluate the effectiveness and reliability of a client's control procedures over revenue /receipt cycle activities?
Why should fixed assets be appraised periodically?
Identify the specific types of transactions relating to shareholders' equity that are tested by an auditor at year end.
Early in your audit of the Kimberly Corporation, you note that the factory supervisor approves time cards for hours worked and for hourly rates and also distributes the payroll checks. Required: 1....
Are you an impulse shopper? A survey of 500 grocery shoppers indicated that 29% of males and 40% of females make an impulse purchase every time they shop. Assume that the survey consisted of 250...
What are the three kinds of research types? Explain each type.
What would happen to net income if the activities noted in Discussion Question 6 were allocated to products for financial statement reporting and the inventory increased? Data from Discussion...
What would happen to net income if the activities noted in Discussion Question 6 were allocated to products for financial statement reporting and the inventory increased? Data from Discussion...
What would happen to net income if the activities noted in Discussion Question 6 were allocated to products for financial statement reporting and the inventory increased? Data from Discussion...
Energy market contains three generation companies and three consumers. The energy bids and offers submitted are presented in the following tables. Plot the supplies and consumer curves. Determine the...
During a three - year period, Appliances, Inc., performed electrical heating and plumbing work for Yost Construction worth approximately $ 7 , 0 0 0 . Yost never paid Appliances for any of these...
ABC and BCD Joint Corporation is a division of a major corporation. Last year the division had total sales of SAR 8 5 , 7 8 0 , 0 0 0 , net operating income of SAR 8 , 6 9 7 , 5 7 0 , and average...

Which is the formula used to calculate variable cost per guest (VC/Guest)? a. Total variable costs /

Question:

Step by Step Answer:

a Total ...View the full answer

Managerial Accounting for the Hospitality Industry

Students also viewed these Business questions