The following table indicates the total utility costs and number of guests at a small motel...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following table indicates the total utility costs and number of guests at a small motel in the months of April through September. Using the high-low method, determine the monthly fixed cost (to the nearest dollar). Month Guests Cost 570 $5,015 710 $5,089 705 $5,495 945 $6,577 815 $6,136 $5,332 O a. $3,936 O b. $2,641 O c. $5,015 O d. $1,562 April May June July August September 650 The following table indicates the total utility costs and number of guests at a small motel in the months of April through September. Using the high-low method, determine the monthly fixed cost (to the nearest dollar). Month Guests Cost 570 $5,015 710 $5,089 705 $5,495 945 $6,577 815 $6,136 $5,332 O a. $3,936 O b. $2,641 O c. $5,015 O d. $1,562 April May June July August September 650
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below Calculating Monthly Fixed Cost using Hi... View the full answer
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Posted Date:
Students also viewed these accounting questions
-
7.) The Kyoto Protocol was signed in 1997, and required countries to start reducing their carbon emissions. The protocol became enforceable in February 2005. In 2004, the mean CO2 emission was 4.87...
-
On May 10, Shelly Company paid Selina Insurance $3,000 for an insurance policy that covers its next fiscal year from June 1 to May 31. Journalize the transaction for Shelly Company. Besides Cash,...
-
After graduating from Eastern University in Campus Town, USA with a degree in business, Michael Woods realized that he wanted to remain in Campus Town. After a number of unsuccessful attempts at...
-
Problem 5. A RRP Polar Robot is given by 1 (a) If the homogeneous transformation matrix is: T- Joint link length 11-0.5m, 12-0.25m, 0, 0, r (b) Find the Jacobian Matrix (c) Determine interior...
-
A radioactive substance has a half-life of 700 years. If there were 10 grams initially, how much would be left after 300 years?
-
Determine whether the following items included in Sung Company's bank reconciliation will require adjusting or correcting entries on Sung's books. When an entry is required, record it in general...
-
On the 2017 consolidation working paper, eliminating entry (R) reduces the Investment in Starfruit by On January 1, 2015, Pomegranate Company acquired 90% of the voting stock of Starfruit Company for...
-
Tribke Enterprises collected the following data from its financial reports for 20X3: Stock price ............. $18.37 Inventory balance .........$300,000 Expenses (excluding OGS) .... $1,120,000...
-
The following incorrect income statement was prepared by the accountant of the Axel Corporation: AXEL CORPORATION Income Statement For the Year Ended December 31, 2021 Revenues and gains: Sales...
-
Selected transactions of Coromandel Ltd are given on the next page. The company uses straight-line depreciation and calculates depreciation expense to the nearest whole month. 2015 Jan. 4 April 10...
-
Echo, by Judith Pond (2012) It is the evening of the day before spring. Bare and gleaming, you race through the darkening rooms, your clear laughter echoing. Outside the young light wanes. We are...
-
How to prepare witnesses for trial?
-
Why developing a theory of the case is important?
-
What items must be included in a trial notebook?
-
How to organize litigation files for trial?
-
Identify the differences between a till tap and the installation of a keeper. What are the advantages and disadvantages of each?
-
Required information: 2 of 2 [The following information applies to the questions displayed below] On January 1, the Matthews Band pays $65,400 for sound equipment. The band estimates it will use this...
-
Write an essay describing the differing approaches of nursing leaders and managers to issues in practice. To complete this assignment, do the following: 1. Select an issue from the following list:...
-
Ortega Company uses a job-order costing system. During a year, the firm applied $280,000 of manufacturing overhead in total. At the end of the year, actual manufacturing overhead was determined to be...
-
David Sharma sells masks, textiles, and other goods imported from Africa. David usually marks up his purchases by 300% (that is, if he pays $10 for an item, he lists it at $40). His annual sales...
-
The Shalimar Paint Company makes a variety of latex- and oil-based paints for interior and exterior use. The process for making paint is virtually the same regardless of the color. Because it takes...
-
IDEC Pharmaceuticals is considering a drug project that costs \($100,000\) today and is expected to generate end-of-year annual cash flow of \($50,000\) forever. At what discount rate would IDEC be...
-
Should you buy an asset that will generate income of \($1,200\) per year for eight years? The price of the asset is \($6,200\) and the annual interest rate is 10 percent.
-
In its most recent corporate report, Williams, Inc., apologized to its stockholders for not paying a dividend. The report states that management will pay a \($1\) dividend next year. That dividend...
Study smarter with the SolutionInn App