Western Valley Motel tracks utility expenses. February shows: electricity $980, water $445, gas $375, waste removal $220. Display the total utility cost.
Q: Accounting
A: Step 1: Define OverheadThe overheads are indirect costs consist of many expense items and are…
Q: Consider the following data....accounting questions
A: Given Data:Free Cash Flow in Year 6 (FCF6): 5.8 millionContinuation Value of Equity: 120…
Q: Economic profit = Operating profit - Capital charge Assume the following Information for a hotel…
A: Hope this helps
Q: General Accounting Question please answer
A: Step 1: Define Straight-line DepreciationIt is a method that depicts the equal amount of expense…
Q: Last year,rec room sports reported earnings per share this question solution
A: Detailed Explanation:The P/E ratio essentially reflects how much investors are willing to pay for…
Q: I need answer of this question solution general accounting
A: Step 1: Define Variable CostThe total variable costs change with changes in production. If…
Q: Hi-Tek Manufacturing, Incorporated, makes two industrial component parts-B300 and T500. An…
A: Step 1:Predetermined overhead rate Is computed as Estimated overhead divided by estimated direct…
Q: 4 marks of this Question
A: Explanation of Freight Charges: Freight charges represent the costs associated with transporting…
Q: General Accounting Question 25 marks
A: 1. Material Price Variance (MPV):Formula:MPV=(Standard Price−Actual Price)×Actual QuantityStandard…
Q: The following financial information this question solution
A: Earnings Per Share (EPS):EPS is the profit got for share on an ordinary basis. The amount of…
Q: How would brought 125 inner tubes for $1225, paying down $500 with remaining due in 20 days be…
A: In this transaction, there are three accounts involved:Inventory: This is an asset account that will…
Q: Please provide this question solution accounting
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Under-or-Overapplied Manufacturing Overhead:The predetermined overhead rates that are…
Q: Need General Accounting Question Solution
A: Step 1: Define Variance AnalysisThe variance analysis is usually carried out to compare the actual…
Q: Get answer to this
A: Given in the question: Beginning count: 310 boxesPurchased: 500 boxes Used: 680 boxes Physical…
Q: General Accounting Need Answer
A: Step 1: Determine the units to be produced.= desired ending inventory + budgeted sales - beginning…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Gross profitGross profit can be referred to as the amount of sales revenue that is…
Q: 2.3 Use the table below to prepare journal entries to transfer the income and expense accounts to…
A:
Q: PLEASE HELP ME WITH THIS ACCOUNTING PROBLEM! FILL ALL CELLS.
A: 1. Straight-line method :Year 2024: $458,700Year 2025: $458,700 + $458,700 = $917,400Year 2026:…
Q: Please need help this financial accounting question
A: Step 1: Define Notes PayableNotes Payable is a type of debt or liability evidenced by issuance of…
Q: Which answer?
A: Explanation of Periodicity Assumption: The periodicity assumption is an accounting principle that…
Q: vi.1
A: Entries Required:Year 2022:Patent Purchase from Lou Company:Initial purchase and net book value…
Q: Diamond Corporation uses the fair value model of accounting for its investment property. The fair…
A: The fair value model is a method of accounting for investment properties under International…
Q: East Coast Trading
A: Explanation of Annual Subscription Fees: Annual subscription fees represent payment received in…
Q: Please give me answer Accounting question
A: Step 1: Define Cash Receipts & PaymentsCash receipts are amounts received from various sources,…
Q: Financial accounting
A: Step 1: Define Return on AssetAssets are the valuables that a company uses in the business like…
Q: Prblm financial accounting
A: Explanation of Prepaid Insurance:Prepaid insurance refers to the payment made in advance for…
Q: The Kare Counseling Center was Incorporated as a not-for-profit organization 10 years ago. Its…
A: Updated Statement of Activities (Corrected):KARE COUNSELING CENTERWithout Donor RestrictionsWith…
Q: Calculate the new stock price on these general accounting question
A: Step 1: Define Earnings Per ShareThe ratio of the net income available to equity shareholders…
Q: Please provide answer the general accounting question not use ai
A: Step 1: Define Activity-Based CostingActivity-based costing or ABC is a method used to allocate…
Q: Please given answer Accounting question
A: Step 1: Define How to Compute Asset Return?The return on assets is a profitability ratio that…
Q: Business 123 Introduction to Investments May I please have the solution for the following question?…
A: Explanation:The problem involves calculating three key metrics for a bond: the current yield, yield…
Q: Return of Assets? Find out
A: Explanation: The formula to calculate return on assets is = (Net income/Average total assets) *…
Q: Can you answer this general accounting question?
A: From the question given, To calculate the depreciation tax shield, we will follow these…
Q: Give true answer this general accounting
A: Step 1: Define Segmented Income StatementThe breakdown of revenues and expenses by company units,…
Q: Poppy co.uses a....financial accounting
A: Step 1: Understated amounts Beginning inventory = $31,400 understatedEnding inventory = $15,600…
Q: Need answer Accounting question
A: Step 1: Definition of Bond IssueA bond issue refers to a financial arrangement where an entity…
Q: I want to correct answer general accounting
A: Step 1: Step 2: Beginning Inventory = $5,000Purchases = $15,000Ending Inventory = $4,000 Step 3:…
Q: Verna makes all sales on..accounting questions
A: Step 1: Define Accounts ReceivableIn the context of accounting, some goods may be sold in cash and…
Q: Jasmine inc sells a product for $65 per unit solution this question
A: Step 1: Define Cost-Volume-Profit (CVP) AnalysisCVP analysis is a widely used concept of management…
Q: Haylock inc.bases its accounting question
A: Step 1: Define Manufacturing OverheadOverheads are the indirect cost that cannot be traced directly…
Q: I want help tutor
A: Detailed explanation:When changing from FIFO (First-In, First-Out) to the weighted average cost…
Q: On October 15, 2023, the board of directors of Martinez Materials Corporation approved a stock…
A: 1. Martinez's stock option measurement dateThe measurement date for stock options is the date at…
Q: I need answer of this question solution general accounting
A: Step 1: Define Return on AssetReturn on Assets of financial issue that is calculated by dividing the…
Q: I want to correct answer general accounting
A: Step 1: Define The Statement of Retained EarningsThe statement of retained earnings is a document…
Q: Circuit master....accounting questions
A: Step 1: Identify total fixed overheadStep 2: Identify the number of units producedStep 3: Apply the…
Q: Given answer Accounting question
A: Step 1: Define Product CostsThe computation of total product costs is an essential aspect of cost…
Q: A major overhaul made to a machine increased its fair value and its production capacity by 30%…
A: In this scenario, a major overhaul is made to a machine which increases its fair value and…
Q: Give answer to this
A: Explanation of Social Responsibility Accounting: Social responsibility accounting is a framework…
Q: Explain
A: Explanation of Green Accounting:Green accounting, also referred to as environmental accounting,…
Display the total utility cost.


Step by step
Solved in 2 steps

- A company uses charging rates to allocate service department costs to the using departments. The accountant compiled the following information on one of the service departments: If Department K plans to use 1,350 hours of the service departments service in the coming year, how much of the service departments cost is allocated to Department K? a. 3,375 b. 27,300 c. 26,325 d. 23,950Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,093 14,645 April 2,668 10,463 May 2,846 11,922 June 3,779 18,072 a.$0.15 b.$0.98 c.$1.61 d.$1.02Jakes Cabins is a small motel chain with locations near the national parks of Utah, Wyoming, and Montana. The chain has a total of 500 guest rooms. The following operating data are available for June: a. Determine the guest nights for June. b. Determine the available room nights for June. c. Determine the occupancy rate for June. d. Assume that the occupancy rate for June of the prior year was 82%. Has the utilization rate for Jakes Cabins improved or declined?
- D2. AccountYou have reviewed the utility bills for your company. You have determined that the highest and lowest bills were $6,200 and $4,100 for the months of March and August. If your company produced 1,200 and 750 units in these months, what was the fixed cost associated with the utility bill? a. $475.50 b. $520.00 c. $600.00 d. $725.00Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows: January February March April May June July Number of rooms cleaned 250 160 200 150 270 170 260 Cleaning cost $6,450 $4,060 $5,100 $4,100 $6,880 $4,200 $6,530 How much are estimated monthly variable costs using the high-low method? Round to two decimal places.
- Want Total Income.Using the high-low method Mark, owns a machine shop. In reviewing the shop’s utility bills for the past 12 months, he found that the highest bill of $2,600 occurred in August when the machines worked 1,200 machine hours. The lowest utility bill of $2,300 occurred in December when the machines worked 600 machine hours. Requirements Use the high—low method to calculate the variable cost per machine hour and the total fixed utility cost. Show the equation for determining the total utility cost for the machine shop. If Mark anticipates using 800 machine hours in January, predict the shop’s total utility bill using the equation from Requirement 2.For each total fixed cost listed below, determine the fixed cost per unit when sales are 35, 70, and 140 units. $ Store rent Manager's salary Equipment lease Depreciation on fixtures Total Fixed Cost Store rent Begin by calculating the fixed cost per unit for each of the fixed costs listed, and the total fixed cost per unit when sales are 35 units. Then calculate the fixed cost per unit and the total fixed cost per unit when sales are 70 and 140 units, respectively. (Round all amounts to the nearest cent.) Manager's salary Equipment lease Depreciation on fixtures Total fixed cost per unit 4,200 1,050 350 175 $ ww. 4,200 1,050 350 175 Fixed Cost per Unit at 35 Units
- You have reviewed the utility bills for your company. You have determined that the highest and lowest bills were $5,000 and $3,200 for the months of January and September. If your company produced 1,050 and 600 units in these months, what was the fixed cost associated with the utility bill? a. $435.50 b. $485.00 c. $590.00 d. $800.00Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per per Month $ 21,200 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Repair-Hour $15.00 $ 7.50 $ 0.50 $ 1.60 $ 2,770 $ 5,710 $ 4,680 $ 3,870 Rent Administrative expenses $ 0.40 For example, wages and salaries should be $21,200 plus $15.00 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,700 repair-hours. The company expects its sales to be $44.00 per repair-hour. Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per per Month $ 20,800 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Repair-Hour $ 15.00 $ 7.60 $ 0.45 $ 1.80 $ 2,770 $ 5,730 $ 4,610 $ 3,880 Rent Administrative expenses $ 0.60 For example, wages and salaries should be $20,800 plus $15.00 per repair-hour. The company expected to work 2,600 repair-hours in May, but actually worked 2,500 repair-hours. The company expects its sales to be $49.00 per repair-hour. Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 < Prev 4 of 4 Next ...... .....



