Do not give image format Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Dataconcerning the company's operations in July appear below:Vulcan FlyoversOperating DataFor the Month Ended July 31Flights (g)Revenue ($355.00g)Expenses:Wages and salaries ($3,800 + $90.00g)Fuel ($32.00g)Airport fees ($830 + $34.00g)Aircraft depreciation ($9.00g)Office expenses ($200 + $1.00g)Total expenseNet operating incomeActualResults58Flexible PlanningBudgetBudget5658$ 16,400 $20,590 $19,8808,9802,0222,67752242614,6279,0201,8562,80252225814,45814,126$ 1,773 $ 6,132 $ 5,7548,8401,7922,734504256The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for anoverflight at a discount. FlightsRevenueExpenses:Wages and salariesFuelAirport feesAircraft depreciationOffice expensesTotal expenseNet operating incomeActual ResultsFA$$5816,4008,9802,0222,67752242614,6271,773Vulcan FlyoversFlexible Budget Performance ReportFor the Month Ended July 31$$FAFlexibleBudget5820,5909,0201,8562,80252225814,4586,132PlanningBudget$$5619,8808,8401,7922,73450425614,1265,754

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Description: Do not give image format Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Dataconcerning the company's operations in July appear below:Vulcan FlyoversOperating DataFor th

The revenue and spending variance is the difference between theflexible and actual costs data. The…

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Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (g) Revenue ($355.00g) Expenses: Wages and salaries ($3,800 + $90.00g) Fuel ($32.00g) Airport fees ($830 + $34.00g) Aircraft depreciation ($9.00g) Office expenses ($200+ $1.00g) Total expense Net operating income Actual Flexible Planning Results Budget Budget 58 56 58 $16,400 $20,590 8,980 9,020 2,022 2,677 522 426 1,856 2,802 522 258 $19,880 8,840 1,792 2,734 504 256 14,627 14,458 14,126 $ 1,773 $ 6,132 $ 5,754 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an

Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (g) Revenue ($355.00g) Expenses: Wages and salaries ($3,800 + $90.00g) Fuel ($32.00g) Airport fees ($830 + $34.00g) Aircraft depreciation ($9.00g) Office expenses ($200+ $1.00g) Total expense Net operating income Actual Flexible Planning Results Budget Budget 58 56 58 $16,400 $20,590 8,980 9,020 2,022 2,677 522 426 1,856 2,802 522 258 $19,880 8,840 1,792 2,734 504 256 14,627 14,458 14,126 $ 1,773 $ 6,132 $ 5,754 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 3P: Zippy Inc. manufactures a fuel additive, Surge, which has a stable selling price of 44 per drum. The...

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Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 ActualResults FlexibleBudget PlanningBudget Flights (q) 56 56 54 Revenue ($355.00q) $ 16,400 $ 19,880 $ 19,170 Expenses: Wages and salaries ($3,700 + $85.00q) 8,430 8,460 8,290 Fuel ($32.00q) 1,958 1,792 1,728 Airport fees ($820 + $31.00q) 2,416 2,556 2,494 Aircraft depreciation ($8.00q) 448 448 432 Office expenses ($240 + $1.00q) 464 296 294 Total expense 13,716 13,552 13,238 Net operating income $ 2,684 $ 6,328 $ 5,932 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. Required: 1. Prepare a flexible budget…
Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 ActualResults FlexibleBudget PlanningBudget Flights (q) 52 52 50 Revenue ($355.00q) $ 16,300 $ 18,460 $ 17,750 Expenses: Wages and salaries ($3,700 + $90.00q) 8,340 8,380 8,200 Fuel ($32.00q) 1,830 1,664 1,600 Airport fees ($810 + $30.00q) 2,250 2,370 2,310 Aircraft depreciation ($8.00q) 416 416 400 Office expenses ($230 + $1.00q) 450 282 280 Total expense 13,286 13,112 12,790 Net operating income $ 3,014 $ 5,348 $ 4,960 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. Required: 1. Prepare a flexible budget…
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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 occurring during the ski season and in the summer. Month Occupancy-Days Electrical Costs January 3,180 $ 6,510 February 2,920 $ 6,261 March 3,780 $ 7,392 April $ 5,569 May $ 1,820 June 2,050 $ 5,261 July 4,050 $ 7,829 August 4,070 $ 7,896 September 1,780 $ 4,984 October 570 $ 1,596 $4,424 $5,908 Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. 2,160 650 November 1,580 December 2,680
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 occurring during the ski season and in the summer. Month January February March April May June July August September October November December Occupancy- Days 3,240 3,060 1,150 2,260 4,310 1,270 3,410 640 1,310 3,760 1,330 2,570 Electrical Costs $ 8,622 $ 8,228 Variable cost of electricity Fixed cost of electricity $ 3,910 $ 7,684 $ 10,984 $ 4,318 $ 9,418 $ 2,176 $ 4,454 $ 9,738 $ 4,522 $7,868 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Answer is complete but not…
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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 onie day. The hotel's business is highly seasonal, with peaks occunting during the ski season and in the summer. Honth January February March Aoril May June July August Septenber October Novenber Decenber Occupancy-Davs 4. 260 3.650 3. 160 2.150 2.260 1.450 3. 180 3.750 2.220 3.580 1,690 2.750 Electrical Conts $ 15.002 $ 14,112 $ 13.272 $9.000 $9.432 $6.00 S 19.356 $ 14.532 $9,324 $6.636 $7. 000 $ 11.580 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) es Variable cost of electricity Fixed cost of electricity per occupancy day per…
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 occurring during the ski season and in the summer. Month Occupancy-Days Electrical Costs January 3,250 $ 9,660 February 3,470 $ 10,185 March 3,660 $ 10,360 April 1,760 $ 6,160 May 1,350 $ 4,725 June 4,350 $ 11,575 July 3,280 $ 9,765 August 1,610 $ 5,635 September 700 $ 2,450 October 1,300 $ 4,550 November 1,640 $ 5,740 December 2,220 $ 7,770 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.)
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 occurring during the ski season and in the summer. Month Occupancy-Days Electrical Costs January 3,350 $ 9,241 February 3,610 $ 9,666 March 1,680 $ 5,208 April 1,230 $ 3,813 May 4,380 $ 10,428 June 1,690 $ 5,239 July 4,130 $ 10,058 August 4,250 $ 10,125 September 1,950 $ 6,045 October 2,140 $ 6,634 November 1,480 $ 4,588 December 2,710 $ 7,829 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) 2. What other factors in addition to…
he Amano Hotel 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 out for one day. The hotel's business is highly Seasonal, with peaks occurring during the ski season and in the summer. Month January. February.. March.. Electrical Costs Оссирапсу-Days 2,604 2,856 3,534 1,440 P6,257 P6,550 P7,986 P4,022 P2,289 P3,591 P7,264 P8,111 P3,707 P1,712 Р3,321 P5,196 April.. Мay. June.. 540 July. August... September. October.. 1,116 3,162 3,608 1,260 186 1,080 2,046 November. December....
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 occurring during the ski season and in the summer. Month January February March April May June July August September October November December Occupancy- Days 2,630 3,130 3,640 1,090 1,770 1,730 4,440 3,860 2,170 1,210 1,790 2,930 Electrical Costs $ 10,783 $ 12,833 $ 13,583 $ 4,469 Variable cost of electricity Fixed cost of electricity $ 7,257 $ 7,093 $ 14,854 $ 13,815 $8,897 $ 4,961 $ 7,339 $ 12,013 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) per occupancy-day per…
Harmon Recycling Services (HRS), a not-for-profit organization, has two drop-off centers, Westside and Eastside. Data for the expected operation in the next quarter follow. Clients Revenues Eastside 25,000 $360,000 8,100 Westside 6,250 $ 240,000 2,700 $ 99,000 $ 108,000 Staff hours Staff costs General operating costs Required: a. Compute the predetermined overhead rate used to apply general operating costs to the two centers assuming HRS uses the number of clients to allocate general operating costs. b. Based on the rates computed in requirement (a), what is the expected surplus (revenues less costs) for each center? Required A Required B Complete this question by entering your answers in the tabs below. Predetermined overhead rate Total 31,250 $ 600,000 10,800 $ 207,000 $360,000 Compute the predetermined overhead rate used to apply general operating costs to the two centers assuming HRS uses the number of clients to allocate general operating costs. Note: Round your answer to 2…