Sand and Sea Resorts owns and operates two resorts in a coastal town. Both resorts are located on a barrier island that is connected to the malnland by a high bridge. One resort is located on the beach and Is called the Crystal Coast Resort. The other resort is located on the Inlandwaterway which passes between the town and the malnland; It is called the Harborvlew Resort. Some key Information about the two resorts for the current year Is shown below.HarborviewCrystal Coast$ 6,175250,000TotalRevenue (000s)$ 3,825$ 10,000Square feet80, 000330,000Rooms66150216Assets (000s)$ 110,000$ 440,000$ 550,000The nontraceable operating costs of the resort amount to $4000,000. By careful study, the management accountant at Sand and Sea has determined that, while the costs are not directly traceable, the total of $4 million could be falrly allocated to the four cost drivers as follows.AmountCost DriverAllocatedRevenue$ 185,000Square feet115,000Rooms580,000Assets (000s)3,120,000Determine the amount of nontraceable cost to be allocated to the Harborvlew Resort using revenue as an allocation base.Multiple Cholce$1,148,000.$2131.000.$1,530,000.$2.841,000.$1,836,000.

SOLUTION- NON TRACEABLE COST THAT CAN NOT BE ASSIGNED TO ANY TASK OR FUNCTION DUE TO THE LACK OF…

Sand and Sea Resorts owns and operates two resortS in a coastal town. Both resorts are located on a barner island that is connected to the mainiand by a high bridge. One resort is located on the beach and is called the Crystal Coast Resort. The other resort is located on the inland waterway which passes between the town and the mainiand; it is called the Harborview Resort Some key Information about the two resorts for the current year is shown below, Harborview Crystal Coast $ 6,175 Total Revenue (000s) Square feet Rooms Assets (000s) $ 3,825 $ 10,000 330,000 80,000 250,000 66 150 216 $ 110,000 $ 440,000 $ 550,000 The nontraceable operating costs of the resort amount to $4.000,000. By careful study. the management accountant at Sand and Sea has determined that, while the costs are not directly traceable, the total of $4 milion could be fairly ailocated to the four cost drnivers as follows. Amount Cost Driver Allocated Revenue $ 185,000 Square feet 115,000 Rooms 580,000 3,120,000 Assets (000s) Determine the amount of nontraceable cost to be allocated to the Harborview Resort using revenue as an allocation base. Multiple Choice $1148.000. $2131.000. $1530.000. $2.841.000. $1836.000. O O O O O

Sand and Sea Resorts owns and operates two resortS in a coastal town. Both resorts are located on a barner island that is connected to the mainiand by a high bridge. One resort is located on the beach and is called the Crystal Coast Resort. The other resort is located on the inland waterway which passes between the town and the mainiand; it is called the Harborview Resort Some key Information about the two resorts for the current year is shown below, Harborview Crystal Coast $ 6,175 Total Revenue (000s) Square feet Rooms Assets (000s) $ 3,825 $ 10,000 330,000 80,000 250,000 66 150 216 $ 110,000 $ 440,000 $ 550,000 The nontraceable operating costs of the resort amount to $4.000,000. By careful study. the management accountant at Sand and Sea has determined that, while the costs are not directly traceable, the total of $4 milion could be fairly ailocated to the four cost drnivers as follows. Amount Cost Driver Allocated Revenue $ 185,000 Square feet 115,000 Rooms 580,000 3,120,000 Assets (000s) Determine the amount of nontraceable cost to be allocated to the Harborview Resort using revenue as an allocation base. Multiple Choice $1148.000. $2131.000. $1530.000. $2.841.000. $1836.000. O O O O O

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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