Western Valley Motel tracks utility expenses. February shows: electricity $980, water $445, gas $375, waste removal $220. Display the total utility cost.
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- Jakes 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?What is the cost formula for maintenance for this general accounting question?General Accounting
- as Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element per Month $ 6,700 $ 2,730 $ 3,700 $ 2,450 $760 Variable Element per Liter $23.00 $5.75 $ 2.50 $ 1.30 Actual Total for June $ 140,540 $ 37,030 $ 21,800 $ 11,600 $ 3,700 $2,450. $9,390 1.45 While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example, wages should be $6,700 plus $2.50 per liter of gelato sold and the actual wages for June were $21,800. Via Gelato expected to sell 6,100 liters in June, but actually sold 6,300 liters. Required: Calculate Via Gelato revenue and spending variances for June. (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.)Engberg Company installs lawn sod in home yards. The company’s most recent monthly contribution format income statement follows:bre27076_ch06_256-305.indd 292 7/14/09 11:44:37 PMAmount Percent of SalesSales ............................................ $80,000 100%Variable expenses ....................... 32,000 40%Contribution margin ..................... 48,000 60%Fixed expenses ........................... 38,000Net operating income .................. $10,000Required:1. Compute the company’s degree of operating leverage.2. Using the degree of operating leverage, estimate the impact on net operating income of a 5% increasein sales.3. Verify your estimate from part (2) above by constructing a new contribution format income statementfor the company assuming a 5% increase in sales.E14-23. Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway Department hires temporary em- ployees to mow and clean the right-of-way along county roads. Assume that the County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations. Month April May. June July. August September October. Miles Mowed Labor and Cleaned Costs 240 $6,800 305 7,680 325 8,310 275 7,200 220 6,550 200 5,760 75 4,960 REQUIRED a. Use the information from the high- and low-volume months to develop a cost-estimating equa- tion for monthly labor costs. b. Plot the data on a scatter diagram. Hint: In Excel, highlight the data to be included in the chart. Open the insert tab and select the Scatter chart in the Charts group. Using the information from representative high- and low-volume months, use the high-low method to develop a cost-…
- helpThe manager of Trusty Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,300 for 1,300 inspections to $3,900 for 900 inspections. Requirements 1. Use the high-low method to calculate the variable cost per inspection. 2. Calculate the total fixed costs. 3. Write the equation and calculate the operating costs for 1,000 inspections. 4. Draw a graph illustrating the total cost under this plan. Label the axes, and show the costs at 900, 1,000, and 1,300 inspections.For each total fixed cost listed below, determine the fixed cost per unit when sales are 25, 50, and 100 units. Store rent $4,000 Manager's salary 500 Equipment lease 375 Depreciation on fixtures 250 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 25 units. Then calculate the fixed cost per unit and the total fixed cost per unit when sales are 50 and 100 units, respectively. (Round all amounts to the nearest cent.) Fixed Cost per Total Fixed Cost Unit at 25 Units Store rent $4,000 Manager's salary 500 Equipment lease 375 Depreciation on fixtures 250 Total fixed cost per unit
- Answer in text form pleaseThe controller of Crane Production has collected the following monthly cost data for analyzing the behavior of electricity costs. TotalElectricity Costs TotalMachine Hours January $2,620 230 February 3,010 370 March 3,590 460 April 4,770 695 May 3,240 400 June 4,850 790 July 4,100 620 August 3,850 550 September 5,110 680 October 4,300 620 November 3,310 370 December 9,000 810 (a) Determine the fixed costs and unit variable costs using the high-low method. Total fixed costs $enter a dollar amount Variable cost per machine hour- 20. Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway Department hires temporary employ- ees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations: Miles Mowed and Cleaned Labor navior, Activity Analysis, anu Costs 240 $6,800 7,680 8,310 7,200 305 Month 325 275 April May. 220 6,550 June 200 5,760 July. August September . October. 75 4,960 REQUIRED Use the information from the high- and low-volume months to develop a cost-estimatine equation for monthly labor costs. b. Plot the data on a scatter diagram. Using the information from representative high- and low- volume months, use the high-low method to develop a cost-estimating equation for monthly а. What factors might have caused the difference in the equations developed for…