? Cost Accounting 6 Marks: Cedar Lodge Resortsforecasts occupancy costs: Base utilities: $12,000annually,cost: $85/month,Per-roomMaintenance: 15% of total utilities. With 45rooms, find next year's total operating cost.

Explanation of Base Utilities: Base utilities represent the fixed annual cost that Cedar Lodge…

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Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter13: Budgeting And Standard Costs

Section: Chapter Questions

Problem 13.6.2MBA

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Assume a hotel rented 400, 480, and 420 rooms in the months of April, May, andJune, respectively; and the total housekeeping costs for the three months in question were $6,000, $6,800, and $6,200. With use of the high-low method, what is theamount of monthly fixed housekeeping costs?a. $1,000b. $1,500c. $2,000d. $2,500
Financial Accounting ii
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A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. The total occupied room days will be a. 1525 Room days b. 18900 Room days c. 36000 Room days d. 72000 Room days
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A 125 room hotel has an annual fixed cost of $1,150,000 and a profit goal of 150,000. With an average room rate of $78 and average variable cost of $34 per room sold, determine the annual number of room sales, occupancy percentage, and revenue required.
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A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. Then, what is the value of total occupied room days?
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Cost Accounting 6 Marks: Cedar Lodge Resorts forecasts occupancy costs: Base utilities: $12,000 annually, cost: $85/month, Per-room Maintenance: 15% of total utilities. With 45 rooms, find next year's total operating cost.