QUESTION 13The Cheyenne Hotel In Big Sky. Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the lastyear. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occuning during the ski season and in thesummer000MushJanuaryFebruaryMarchApriMayJureJulyAugustSeptemberOctoberNovemberDecember3,1802.9203,7802,1606502,0504,0504,0701,780570$1.80$1.201,5802,680$1.00$0.56None of the other answers is correct$ 6,510$ 6.261$ 7,392$5.500$ 1,820Using the high-low method, the variable cost of electricity per occupancy-day is closest to:$5,261$ 7,829$ 7,806$ 4,984$ 1,596$ 4,424$5,908

QUESTION 13 The Cheyenne Hotel In Big Sky. Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occuning during the ski season and in the summer January February March 000 Apri May June July August September October November December 3,180 2.920 3,780 2,160 650 2.050 4,050 4,070 1,780 570 1,580 2,680 $1.00 $0.56 None of the other answers is correct $1.80 $1.20 $ 6,510 $ 6.261 $ 7,392 $5.500 $ 1,820 Using the high-low method, the variable cost of electricity per occupancy-day is closest to: $5,261 $ 7,829 $ 7,806 $ 4,984 $ 1,596 $ 4,424 $5,908

QUESTION 13 The Cheyenne Hotel In Big Sky. Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occuning during the ski season and in the summer January February March 000 Apri May June July August September October November December 3,180 2.920 3,780 2,160 650 2.050 4,050 4,070 1,780 570 1,580 2,680 $1.00 $0.56 None of the other answers is correct $1.80 $1.20 $ 6,510 $ 6.261 $ 7,392 $5.500 $ 1,820 Using the high-low method, the variable cost of electricity per occupancy-day is closest to: $5,261 $ 7,829 $ 7,806 $ 4,984 $ 1,596 $ 4,424 $5,908

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Chapter 20 Excel Online Problems eBook High-low method for a service company Show Me How Office 365 Sierra Railroad Inc. decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Sierra Railroad is "gross-ton miles," which is the total number of tons multiplied by the miles moved. January February March April May June Transportation Costs Gross-Ton Miles $732,000 217,000 816,200 242,000 576,800 157,000 782,500 235,000 656,300 841,400 189,000 255,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (If required, round to two decimal places.) $ Total fixed cost $ X per gross-ton mile
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Question 5.2 Xplornet Ltd. is an internet service provider. The company had 14,000,000 subscribers in 2021, and employed 18 customer service representatives. During 2021 each customer service representative worked 7 1/2 hours per day for 236 days at a fixed annual salary of $42,000. The company received 110,000 telephone calls from its customers in 2021 that lasted fifteen minutes on average. Required Calculate the cost of unused customer service capacity in 2021 with the assumption that customer service costs are engineered costs.
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