1:46 Assignment Details Fa21 - ACCT 206 - Intro to Managerial Account (merged) Part 2 (20 minutes maximum): Complete the following practice exam problem. Kelly's Kayak Adventures provides raft and kayak trips on the Salmon River. The previous year's administrative costs per month were as follows: MONTH GUEST- DAY ADMINISTRATIVE COSTS April 2,500 $ 317,500 May 3,500 $385,000 June 5,800 $410,000 July 7,300 $ 485,000 August 8,000 $ 510,000 September 4,000 $ 415,000 Submit Assignment Previous Next 12 LLO Dashboard Calendar To Do Notifications Inbox 1:46 Assignment Details Fa21 - ACCT 206 - Intro to Managerial Account (merged) The following information is available for the month of July: Number of raft trips in July 600 Number of guests days 5,600 Price paid by each guest per day $ 150 Wage paid to raft guide for each raft $ 75 trip Administrative costs (mixed cost Calculate based on number of guest days - using High- prior year data above) low method. Equipment and other overhead costs $ 200,000 (50% variable; 50% fixed) Selling Costs per month $5,000 Submit Assignment Previous Next 12 LLO Dashboard Calendar To Do Notifications Inbox 1:46 Assignment Details Fa21 - ACCT 206 - Intro to Managerial Account (merged) Required: 1. Using the High-Low Method calculate for the administrative costs: A. The variable cost per guest-day. B. The fixed costs per month. C. The cost formula for administrative costs. 2. Prepare an Income Statement for the month of July using the contribution margin format in proper form. (REMEMBER - 'in proper form means you need to include the appropriate header.) Submit Assignment Previous Next 12 098 Dashboard Calendar To Do Notifications Inbox