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.
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- Operating Capacity in hours per year = 2,000 hours Hourly rate for crane with operator = $203.00 Downtime = 10.0% Operating Expense = 53.0% Calculate each with the provided numbers above: Gross Potential Income Effective Gross Income Net Operating Income.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.Assume a company sold 28,000 units last year and ncrease the sales commission by $2 per unit. What does this mean
- 1. Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar. 2. Assume that passenger volume increases by 12% in May. Which figures on the income statement would you expect to change, and by what percentage would they change? Which figures would remain the same as in April?Given answer accounting questionsPrepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,425,000.
- Unearned Sales Revenue Brand Landscaping offers a promotion where a customers lawn will be mowed 20 times if the customer pays $700 in advance. Required: Prepare the journal entry to record (1) the customers' prepayment of S700 and (2) Brands mowing of the lawn one time.Consider the following Information for the business Harry's Vintage Records. Actuals from the year ended 31st December 2021; Total Sales Revenue Total Fixed Costs $380,000 $90,000 0.20 Contribution Margin Ratio Calculate Harry's profit or loss in 2021 Select one: O a. (13,000) O b. 11,000 c. 12,000 d. (14,000)Owe
- A company sells one product and its contribution margin ratio is 10%. The company provides the following data regarding their operation: Current sales revenue $3,540,000 $3,681,600 Expected sales revenue next year Expected increase in net operating income next year 12% Q. What is the net operating income for the current year? ANS. $Determine Other operations usageWhirly Corporation's contribution format income statement for the most recent month is shown below: Sales (7,600 unita) Variable expenses Total $ 243,200 136, 800 Per Unit $32.00 18.00 Contribution nargin 106,400 $ 14.00 ried expenses 55,000 5 51,400 et operating Lncone Required: (Consider each case independently): 1 What would be the revised net operating income per month if the sales volume increases by 50 units? 2 What would be the revised net operating income per month if the sales volume decreases by 50 units? 3. What would be the revised net operating income per month if the sales volume is 6,600 units? 1. Revined net operating income 2. Revised net operating income 3. Revised net operating income