Nate and Joe have been friends since grade school and decided to go on a skiing trip to Stowe, Vermont this January. The estimated the following for the trip: Expense Estimated Costs Allocation Base Activity Allocation (Nate) Activity Allocation (Joe) Food $580.00 Number of meals eaten 10 18 Skiing $210.00 Number of lift tickets 3 0 Lodging $810.00 Number of nights 5 5 Total $1,600.00 (Round your answers to two decimal places when needed and use rounded answers for all future calculations). Total estimated cost / Total Individuals = Cost per person / =
Nate and Joe have been friends since grade school and decided to go on a skiing trip to Stowe, Vermont this January. The estimated the following for the trip: Expense Estimated Costs Allocation Base Activity Allocation (Nate) Activity Allocation (Joe) Food $580.00 Number of meals eaten 10 18 Skiing $210.00 Number of lift tickets 3 0 Lodging $810.00 Number of nights 5 5 Total $1,600.00 (Round your answers to two decimal places when needed and use rounded answers for all future calculations). Total estimated cost / Total Individuals = Cost per person / =
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Nate and Joe have been friends since grade school and decided to go on a skiing trip to Stowe, Vermont this January.
The estimated the following for the trip:
| Expense | Estimated Costs | Allocation Base | Activity Allocation (Nate) | Activity Allocation (Joe) |
|---|---|---|---|---|
| Food | $580.00 | Number of meals eaten | 10 | 18 |
| Skiing | $210.00 | Number of lift tickets | 3 | 0 |
| Lodging | $810.00 | Number of nights | 5 | 5 |
| Total | $1,600.00 |
(Round your answers to two decimal places when needed and use rounded answers for all future calculations).
| Total estimated cost | / | Total Individuals | = | Cost per person |
|---|---|---|---|---|
| / | = |
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