Beaches Resort is an all-inclusive resort located in the Caribbean. The business is highly seasonal, with...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Beaches Resort is an all-inclusive resort located in the Caribbean. The business is highly seasonal, with peaks occuring during spring and late fall. Following is the data for the past year of the resort's total electrical costs and the number of occupancy days. Electrical Costs Occupancy-Days 4, 260 3,650 Month $15,082 $14,112 $13,272 $ 9,030 $ 9,492 $ 6,090 $13,356 $14,532 $ 9,324 $ 6,636 $ 7,098 $11,550 January February March April May 3,160 2,150 2,260 1,450 3,180 3,750 2,220 1,580 1,690 2,750 June July August September October November December Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Variable cost of electricity per occupancy-day per month Fixed cost of electricity Beaches Resort is an all-inclusive resort located in the Caribbean. The business is highly seasonal, with peaks occuring during spring and late fall. Following is the data for the past year of the resort's total electrical costs and the number of occupancy days. Electrical Costs Occupancy-Days 4, 260 3,650 Month $15,082 $14,112 $13,272 $ 9,030 $ 9,492 $ 6,090 $13,356 $14,532 $ 9,324 $ 6,636 $ 7,098 $11,550 January February March April May 3,160 2,150 2,260 1,450 3,180 3,750 2,220 1,580 1,690 2,750 June July August September October November December Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Variable cost of electricity per occupancy-day per month Fixed cost of electricity
Expert Answer:
Answer rating: 100% (QA)
Final answers are marked in yellow A C D E 1 Variable cos... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Estimated sales January February March April May Total Coffee sales (units) 15,000 16,000 18,000 17,500 14,500 Your friend, Chris Coffee, has been running a successful coffee shop for the last couple...
-
Using the high low method 1 Estimate the variable cost per wedding 2 Compute the total fixed cost per month 3 Write out the equation for the cost structure of Something New explain each variable 4...
-
Manhattan Company's sales budget is presented below. Budgeted unit sales Sales price Sales revenue $132.150 July $120.000 $126,750 $66,000 August September October 16,000 15,000 12,000 $160.000...
-
(a) the maximum shear stress magnitude T1 in aluminum tube (1). (b) the maximum shear stress magnitude T2 in brass shaft segment (2). (c) the maximum shear stress magnitude T3 in brass shaft segment...
-
Highway engineers in Ohio are painting white stripes on a highway. The stripes are supposed to be approximately 10 feet long. However, because of the machine, the operator, and the motion of the...
-
A bug 1.0 cm tall is a perpendicular distance of 15.0 cm from the front of a flat mirror. (a) Where will its image appear? (b) How tall will the image be? (c) Can the image be projected onto a screen?
-
If the assembly fits snugly between two rigid supports A and C when the temperature is at T 1 , determine the normal stress developed in both segments when the temperature rises to T 2 . Both solid...
-
On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $22,760 of office salaries and $65,840 of sales salaries....
-
In the last column for NYTD,figure out how NYT'sDNA elements will impact their performance. What DNA elements should NYTD keep, what should it jettison, and what should it change? A element...
-
A randomized controlled trial comparing two drugs for treating insomnia is said to have 85% power to detect a 20% relative reduction (RR=0.80) in sleep problems nine months following treatment at the...
-
Shown below is a flow diagram created by Peter, Erron and Abigail for the manufacture of nitric acid by the ammonia-oxidation process. The diagram is labeled with mass flow per day for the five input...
-
A \(25.0-\mathrm{m}\) steel wire and a \(50.0-\mathrm{m}\) copper wire are attached end to end and stretched to a tension of \(145 \mathrm{~N}\). Both wires have a radius of \(0.450 \mathrm{~mm}\),...
-
A taut rope has a mass of \(0.128 \mathrm{~kg}\) and a length of \(3.60 \mathrm{~m}\). What average power must be supplied to the rope to generate sinusoidal waves that have amplitude \(0.200...
-
A cord of linear mass density \(0.360 \mathrm{~kg} / \mathrm{m}\) is attached to a harmonic oscillator that has a maximum output of \(200 \mathrm{~W}\). (a) With the oscillator operating at this...
-
Sketch the curves using the equations given in Problems 28-51. \(x^{2}+y^{2}=1\)
-
An oscillator attached to a string transmits \(350 \mathrm{~mW}\) of power down the string. The wave created by this motion has amplitude \(0.0165 \mathrm{~m}\) and wavelength \(1.80 \mathrm{~m}\)....
-
The following question is designed to highlight key concepts from the Loyalty Programs topic article titled, "StarBUCKS, Loyalty, and Breakage" (Nevraumont 2019). Q. Breakage. $1.6 billion in stored...
-
Coastal Refining Company operates a refinery with a distillation capacity of 12,000 barrels per day. As a new member of Coastal's management team, you have been given the task of developing a...
-
US-Mobile manufactures and sells two products, tablet computers (60% of sales) and smartphones (40% of sales). Fixed costs are $500,000, and the weighted-average contribution margin per unit is $125....
-
Following are accounts and year-end adjusted balances of Cruz Company as of December 31. 1. Prepare the December 31 closing entries. The account number for Income Summary is 901. 2. Prepare the...
-
Internal rates of return for three alternative investment projects follow. Each project has a five-year life. The company requires a 12% rate of return on its investments. (a) Which project(s) will...
-
Which of the following entities should be design first? (a) Input (b) Process (c) Output (d) Database
-
__________ is the element of a system that needed to be designed. (a) Input (b) Output (c) Interface (d) Input, output, and interface
-
ACC_SV_2016 is the code give to a saving account of a bank opened in the year 2016. It is an example of _____________ input coding scheme. (a) Functional coding (b) Significant digit subset coding...
Study smarter with the SolutionInn App