Take me to the textYou are given the following information for Pine Hotel.Price per RoomRooms RentedVariable Costs per RoomFixed CostsDo not enter dollar signs or commas in the input boxes.Round all answers to the nearest whole number.Calculate the income from operations.$11299$46$2,420Elm HotelContribution Margin StatementSalesVariable CostsFixed Costs$$Contribution Margin $Income from Operations $ Take me to the textLonely Restaurant has determined the following amounts related to costs of menu items.Per Meal Total$4.00$3.40$2.70Direct MaterialsDirect LabourVariable OverheadFixed OverheadSelling and Administrative ExpensesDo not enter dollar signs or commas in the input boxes.Round your answer to 2 decimal places.If Lonely Restaurant plans to serve 560 meals, what is the full cost of a meal?Full Cost: $$1,064$1,000Check

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Take me to the text You are given the following information for Pine Hotel. Price per Room Rooms Rented Variable Costs per Room Fixed Costs Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Calculate the income from operations. Sales $112 99 $46 $2,420 Elm Hotel Contribution Margin Statement Variable Costs Fixed Costs $ A Contribution Margin $ $ Income from Operations $

Take me to the text You are given the following information for Pine Hotel. Price per Room Rooms Rented Variable Costs per Room Fixed Costs Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Calculate the income from operations. Sales $112 99 $46 $2,420 Elm Hotel Contribution Margin Statement Variable Costs Fixed Costs $ A Contribution Margin $ $ Income from Operations $

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 57P: Identifying Fixed, Variable, Mixed, and Step Costs Consider each of the following independent...

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Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria's owner has determined that the shop has two major cost drivers the number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below: Pizza ingredients Fixed Cost Cost per per Month Pizza $ 4.50 $ 5,930 Cost per Delivery Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 620 $640 $ 408 $1,890 $740 $0.40 $ 3.20 $ 0.20 $ 1.60 In November, the pizzeria budgeted for 1,590 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November appear below. Actual Results Pizzas Deliveries Revenue 1,690 210 Kitchen staff Delivery person $27,600 Pizza ingredients $ 7,390 $ 5,870 Utilities. $ 890 $ 672 $ 988 $ 408 $ 1,890 $ 796 Delivery vehicle Equipment depreciation Rent Miscellaneous…
Your organization has opened a walk-in clinic. A list of expenses has been given to the new staff accountant, Marvin, from the walk-in clinic manager and Marvin needs your help. Marvin wants you to help him identify whether costs shown in the table below are direct or indirect. Additionally, Marvin would like you to describe: 1. The monetary total of direct and indirect costs. 2. Create a Conlcusion overall Item Cost Direct Indirect IT Salaries and Benefits $1,500 RN Salaries and Benefits $9,600 Utilities and Telephone $3,000 Carpets $1,000 Magazine Subscriptions $ 50 Vehicle Expense $1,775 Exam Table $5,500 End Tables $ 500 Coffee Tables $1,400 Facility Insurance $ 650 Staff Uniforms $1,200 Cleaning Supplies $ 200 Desk Lamps $ 150 Front Desk Flowers $ 300 Bottled Water $ 250 Facility Maintenance $ 700 Landscaping Expense $1,800 Facility Cleaning $1,500
2.A restaurant bakes its own bread for a cost of $165 per unit (100 loaves), including fixed costs of $43 per unit. A proposal is offered to purchase bread from an outside source for $110 per unit, plus $15 per unit for delivery. Prepare a differential analysis dated August 16 to determine whether the company should make or buy the bread.
A training company runs courses for students that vary in length between one day and four weeks. The size of classes varies between 5 students and 40 students. The company wants to set a price for its courses based on a mark-up on cost. What would be the most appropriate basis for measuring costs? Question 2 options: 1) Cost per student per day 2) Cost per course 3) Cost per student 4) Cost per day
Pine Restaurant currently has a fish and chips meal that sells for $13. The cost of the meal is $4. The restaurant wants to maintain a food cost percentage of 30%. Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. a) What is the food cost percentage of the fish and chips meal? Food Cost Percentage: % b) To achieve a food cost percentage of 30%, what should the fish and chips meal sell for? Selling Price: $
Accounting Question
David Berger is the F&B director at the private membership Fox Ridge Country Club. He is implementing a new dining room menu and has calculated menu prices for the six new entrée items the menu will include. Complete the table below and then answer the questions that follow. Menu Item Selling Price Product Cost Per Serving Labor Cost Food Cost % Prime Cost Contribution Margin New York Strip $ 26.95 $ 12.97 $ 1.95 1/2 Duckling $ 25.95 $ 11.73 $ 2.55 Veal Chop $ 31.95 $ 13.85 $ 1.95 Roasted Free Range Chicken $ 18.95 $ 6.53 $ 2.55 Pork Medallions $ 24.95 $ 5.58 $ 3.10 Portabella Mushroom Pasta $ 18.95 $ 3.85 $ 4.25
Your organization has opened a walk-in clinic. A list of expenses has been given to the new staff accountant, Marvin, from the walk-in clinic manager and Marvin needs your help. Marvin wants you to help him identify whether costs shown in the table below are direct or indirect. Additionally, Marvin would like you to describe: 1. The monetary total of direct and indirect costs. Item Cost Direct Indirect IT Salaries and Benefits $1,500 RN Salaries and Benefits $9,600 Utilities and Telephone $3,000 Carpets $1,000 Magazine Subscriptions $ 50 Vehicle Expense $1,775 Exam Table $5,500 End Tables $ 500 Coffee Tables $1,400 Facility Insurance $ 650 Staff Uniforms $1,200 Cleaning Supplies $ 200 Desk Lamps $ 150 Front Desk Flowers $ 300 Bottled Water $ 250 Facility Maintenance $ 700 Landscaping Expense $1,800 Facility Cleaning $1,500
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5. The owner of Big Burger Restaurant wants to determine the unit cost associated with their 10,000 sales of burgers for January 201A. The variable expenses per burger: The fixed expenses are as follows: P5,500 2,500 P5.50 Labor Burger patty Bread 2.00 Rent Ketchup 0.50 Insurance 500 6.00 0.50 P14.50 Advertising 2,000 4,800 P15,300 Lettuce Mayonnaise Utilities Total variable cost Total fixed cost
The menu price for a menu item is $20.02. The manager has decided that the cost of food should not exceed 34%. Calculate the Markup.
please explain steps on how to solve Chloe's Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.70 for 3,900 and $0.65 for 7,800. Required: If the total cost function for croissants is linear, what will be the average cost to bake 7,000? (Do not round intermediate calculations. Round your final answer to 4 decimal places.)