Estimate the cost formula for lucro island hotel

Assignment Help Accounting Basics
Reference no: EM133140304

Question - The following information is available for your Lucro Island Hotel.

 

September

October

November

December

Sales (average No. of rooms per day)

25

26

28

27

Total cost per month

$120,000

$119,240

$123,600

$123,480

Required -

a) Using the high-low method, estimate the cost formula for Lucro Island Hotel.

b) Using the cost formula determined in part (a) above, estimate total expenses for January based a projected sales of an average 27 rooms per day for the month of January. Show your workings.

Reference no: EM133140304

Questions Cloud

What total amount of expense for these items was reported : Total repair expenses for the year were estimated to be P260,000. What total amount of expense for these items was reported in Cuerpo's first quarter
What is the total amount of expense : In Funes Co.'s interim income statement for three months ending on March 31, 2022, what is the total amount of expense relating to these two items
Understand medical terminology : Why is it important for you to understand medical terminology when working in the health information technology environment? Provide examples.
Determine could use to decide whether or not to invest : What are two different methods that the manager determine could use to decide whether or not to invest in company projects or real assets
Estimate the cost formula for lucro island hotel : The following information is available for your Lucro Island Hotel. Using the high-low method, estimate the cost formula for Lucro Island Hotel
Research statistics for social media websites : Research statistics for social media websites. Discuss the relevant statistics or statistics that you find interesting about the company.
Contingency planning process : What part of the contingency planning process came up short (IR, BP, or CP)? How could the shortcoming have been prevented?
What is role of technology in business solutions : What is the Purpose of Technology? What is the role of technology in business solutions? Tell us about a technology your purchased for your home or work
Write the journal entry as debit and credit : Write the Journal Entry as Debit and credit for below Transactions: The customer has filed a $10,000 damage claim from his injuries, including loss of wages

Reviews

Write a Review

Accounting Basics Questions & Answers

  What will be the effect on beiges profits if the division

beige computers operates retail stores in both downtown city and suburban mall location ns. the company has two

  Uses a non-gaap financial measure

A. give more prominence to the non-GAAP measure if it is used in earnings releases. B. provide a reconciliation of the non-GAAP measure and equivalent GAAP measure.

  Journal entry for issuance of bonds and warrants

If offered alone, at this time, the bonds would have been issued at a 22% discount. Prepare the journal entry for the issuance of the bonds and warrants for the cash considered received.

  Discuss credit balance in the cash account an asset

Assuming no errors occurred during journalizing or posting, what caused this unusual balance

  What are the arguments for preparing profit forecasts

What are the arguments for preparing profit forecasts? Why are corporations concerned about presenting profit forecasts?

  What is the standard deviation of her portfolio

The correlation between the two stocks is -.6. If Hannah makes equal investments in ZV and TNA, what is the standard deviation of her portfolio

  Write down an 800 word essay in current apa format which

write an 800 word essay in current apa format that focuses on how biblical concepts are related to the fields of

  Petes pet products is a sole proprietorship owned by pete

petes pet products is a sole proprietorship owned by pete thompson. the store provides a full-line of pet products

  Explain the issues with excluding the monthly salary

Explain the issues with excluding the monthly salary and fixed selling costs in the calculation and why they are important

  Calculate each of the four cost category groupings

calculating the sum for each separate cost category shown, and be aware it's likely that more than one expense item will apply in each calculation

  Report on the tangible and intangible cost

Select an AIS system segment (such as purchasing, or payroll), investigate, and write a report on the tangible and intangible cost and benefits associated with your selection.

  Calculate the break-even point in total units

Aussie Sporting Company Pty Ltd produces. Calculate the break-even point in total units and the number of units of each type of ball that must be sold.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd