ABC Company bases its-budgets on guest-days. The hotel's static budget for August appears below: Budgeted number...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
ABC Company bases its-budgets on guest-days. The hotel's static budget for August appears below: Budgeted number of guest-days 4,300 Budgeted variable costs: Budgeted variable costs: Supplies (@$9.60 per guest-day) $41,280 Laundry (@$9.40 per guest-day) $40.420 Total variable cost $81,700 Budgeted fixed costs: Wages and salaries $57,190 Occupancy costs $52.030 Total fixed cost $109.220 Total cost $190,920 The total fixed cost at the activity level of 5,500 guest-days per month should be: O $244,200 O $109,220 ০ $139,700 O $190,920 ABC Company bases its-budgets on guest-days. The hotel's static budget for August appears below: Budgeted number of guest-days 4,300 Budgeted variable costs: Budgeted variable costs: Supplies (@$9.60 per guest-day) $41,280 Laundry (@$9.40 per guest-day) $40.420 Total variable cost $81,700 Budgeted fixed costs: Wages and salaries $57,190 Occupancy costs $52.030 Total fixed cost $109.220 Total cost $190,920 The total fixed cost at the activity level of 5,500 guest-days per month should be: O $244,200 O $109,220 ০ $139,700 O $190,920
Expert Answer:
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
Posted Date:
Students also viewed these accounting questions
-
ABC Company's budgeted sales for June, July, and August are 12,000, 16,000, and 14,000 units, respectively. ABC requires 30% of the next month's budgeted unit sales as finished goods inventory each...
-
The Park Plaza Hotel awarded its valet and laundry concession to Larson for a three-year term. The contract contained the following provision: It is distinctly understood and agreed that the services...
-
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...
-
The top ten fiction books on The New York Times Best Sellers List on October 9, 2016, are listed. 1. The Girl on the Train 2. Home 3. The Kept Woman 4. Magic Binds 5. Commonwealth 6. The Light...
-
What are the purposes of a management control system?
-
Graph the following by hand. (x) = 2 /3x - 6
-
Why is edge detection used as an early stage of computer vision? Can you think of any situations in which edge detection methods would fail?
-
1. Compare and contrast the nature of the business market structure and demand relative to consumer market structure and demand for a specific P&G product. 2. For the same product, discuss the...
-
At December 31, 2022, the following information was available for E. Concord Company: ending inventory $32,000, beginning inventory $63,000, cost of goods sold $327,750, and sales revenue $370,000....
-
EOQ Analysis Tiger Corporation purchases 1,240,000 units per year of a component. The fixed cost per order is $27. The annual holding cost of the item is 26.7% of its cost of $2.04. . Determine the...
-
execution. For the MIPS code below, what will be the contents of resister $t0 after addi $s0, $zero, OxA2 addi $s1, $zero, Ox3C sltu $to, $s1, $s0
-
Given the (yearly) spot rate curve $s=(5.0,5.3,5.6,5.8,6.0,6.1)$, find the spot rate curve for next year.
-
Under continuous compounding the Macaulay duration becomes \[D=\frac{\sum_{k=0}^{n} t_{k} e^{-\lambda t_{k}} c_{k}}{P}\] where $\lambda$ is the yield and \[P=\sum_{k=0}^{n} e^{-\lambda t_{k}} c_{k}\]...
-
How would the following events (reported this year) affect your forecasts of a firms future profit or loss? An asset write-down. A merger or acquisition. The sale of a major division. The...
-
Consider two 5-year bonds; one has a $9 %$ coupon and sells for 101.00 ; the other has a $7 %$ coupon and sells for 93.20 . Find the price of a 5-year zero-coupon bond.
-
If the spot rates for 1 and 2 years are $s_{1}=6.3 %$ and $s_{2}=6.9 %$, what is the forward rate $f_{1,2}$ ?
-
Follow the requirements below to write a program that will calculate the price of ice cream being sold at a fundraiser: 1. Write a method that displays a menu. The method should ask the user to enter...
-
What is an insurable interest? Why is it important?
-
Firm M has a margin of 9%, turnover of 1.6, sales of $800,000, and average stockholders' equity of $360,000. Required: Calculate Firm M's average total assets, net income, return on investment (ROI),...
-
Selling, general, and administrative expenses were $132,000; net sales were $600,000; interest expense was $14,200; research and development expenses were $63,000; net cash provided by operating...
-
Understanding financial statement relationships Total assets were $48,000 and total liabilities were $27,000 at the beginning of the year. Net income for the year was $8,000, and dividends of $2,000...
-
The cement industry is an example of an undifferentiated oligopoly. The automobile industry is a differentiated oligopoly. Which of these two is more likely to advertise? Why?
-
What is the purpose of a brand name? What would occur if any maker of aspirin could put a Bayer Aspirin label on its product?
-
The South American cocaine industry consists of several families that obtain the raw material, refine it, and distribute it in the United States. There are only about three large families, but there...
Study smarter with the SolutionInn App