Question: Selling price each = $700 Variable cost each = $500 Commissions paid for each sale =$35 (5%) Rent = $900 Administrative salaries = $6,000 Other

Selling price each = $700
Variable cost each = $500
Commissions paid for each sale =$35 (5%)
Rent = $900
Administrative salaries = $6,000
Other monthly expenses such as insurance, telephone, electricity etc. = 3,000
variable cost per room is $535
contribution per room is $165
How much is the total fixed expenses?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Selling price each = $700 Variable cost each = $500 Commissions paid for each sale =$35 (5%) Rent = $900 Administrative salaries = $6,000 Other monthly expenses such as insurance, telephone,...

Q:

Good Morning PAtutor, Kindly find attach a copy of the questions that I spoke to you about. I also attach a copy of notes there. Look forward to heading from you. Broken Budgets? The traditional...

Q:

I need help for those question . E4.16 E18.4 E19.7 P22.4 E23.4 E18.10 E22.10 CHAPTER 4 EXERCISES: SET B E4-1B The trial balance columns of the worksheet for Lamar Company at June 30, 2017, are as...

Q:

This assignment is very urgent! Be as Accurate as possible providing explanations to each answer. Chapter 1 1.Managerial Accounting and Financial Accounting differ in the following way: A. Financial...

Q:

Phase Two: Now that you have developed your cost estimates, its time to do some budgeting for your new business. Calculate the total amount of cash you will need to have before opening your business,...

Q:

I need help please!!! Phase Two: Now that you have developed your cost estimates, its time to do some budgeting for your new business. Calculate the total amount of cash you will need to have before...

Q:

Phase Two: Now that you have developed your cost estimates, its time to do some budgeting for your new business. Calculate the total amount of cash you will need to have before opening your business,...

Q:

Phase Two: Now that you have developed your cost estimates, its time to do some budgeting for your new business. Calculate the total amount of cash you will need to have before opening your business,...

Q:

Hi could I get help with number 22, 25 41? See attached exam. University of Connecticut School of Business Managerial Accounting 2101 Exam 2 Fall 15 -W November 2, 2015 Student:...

Q:

Could i get help with question 43. I know the answer need to know how you get there. University of Connecticut School of Business Managerial Accounting 2101 Exam 2 Fall 15 -W November 2, 2015...

Q:

What event triggered the start of World War I in 1914?

Q:

1. How can Wikipedia maintain and grow its ability to harness the crowd sourcing of its Wikipedians to maintain high-quality (and quickly updated) content? 2. As Wikipedia keeps growing, do you think...

Q:

Bata Shoe-City Ltd. Produces 24,000 pairs of running shoes per month. Annual fixed costs are Sh. 840,000 and the contribution from each pair is 60% of their Sh. 20 per-unit selling price. Required:...

Q:

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Q:

Teamwork. As directed by your instructor, meet in a small group to discuss the following questions. (Objective 2) a. How do you feel when a teacher, manager, colleague, or service representative...

Q:

Technology. During the next conversation you have with a coworker, a family member, or someone not from this class, use paraphrasing at least once. E-mail your instructor to describe the effect...

Q:

Discuss five ways nonverbal messages could be presented in a positive manner when interviewing for a supervisory position in a business organization.