What is the variable cost portion of the cost equation going

Assignment Help Managerial Accounting
Reference no: EM132707916

The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows:

Month         Occupancy Days             Custodial Supplies Expense

March            18,300                      $16,700

April              12,740                        $17,250

May              15,360                           $19,000

June                29,400                          $23,350

July                25,800                             $26,000

August                 18,000                           $20,750

September            15,100                             $20,000

Problem 1: Occupancy-days are a measure of the overall activity at the hotel. For example, when a guest stays at the hotel for three days, it is counted as three occupancy-days. Using the High-Low Method, what is the variable cost portion of the cost equation going to be?

A) $0.366

B) $0.558

C) $1.240

D) $0.813

E) $0.599

Reference no: EM132707916

Questions Cloud

What are possible other ethical considerations : You are a strategic planner for a multinational corporation with a HQ in London, which owns and manages a tea plantation in China.
Is goodbelly succsefull in raising product awareness : Is Goodbelly succsefull in raising product awareness and What were other promotional strategeties Goodbelly undertook and the effect/results?
What is whmis short note on its functioning : Use real life examples and real situations to explain the corporate liability for OH&S under criminal code. What is WHMIS, short note on its functioning.
How the entity should go about measuring biological assets : How the entity should go about measuring the biological assets' fair value. In your response provide an explanation of possible alternatives
What is the variable cost portion of the cost equation going : The Lakeshore Hotel's occupancy-days, Using the High-Low Method, what is the variable cost portion of the cost equation going to be?
What is the most important in pay theory : What is the most important in pay theory in developing pay system? The response must be typed, double spaced, times new roman.
Determine the fair value of the animals in the zoo : Determine the fair value of the animals in their zoo. They hold the animals primarily for breeding and preservation of native species
Discuss four values as a basis for establishing a fair value : Discuss each of the above four values as a basis for establishing a fair value for the property. In accordance with AASB 13/IFRS 13
Describe the general context of wh and s in australia : Describe the general context of WH&S in Australia, including the perspectives of WH&S. Provide examples. The response must be typed.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the return on investment and the residual income

Compute the return on investment and the residual income. Average operating assets, Minimum rate of return, Controllable margin

  How many standards would roosevelt sell at break-even point

Roosevelt are 40,000 Standard and 60,000 Supreme. Fixed expenses are $1,800,000. How many Standards would Roosevelt sell at the break-even point?

  Discuss observations about the variances

Discuss your observations about the variances and ways to plan to improve any of the variances. Calculate Materials Variances,Calculate Labor Variances

  Compute the total cost per male and per female

Compute the total cost per male and per female student-athlete using an activity-based costing system. You must first choose appropriate activity

  What amount of the payroll department costs

What is the net advantage or disadvantage of re-working the keyboards and what amount of the payroll department costs will be allocated to the molding department?

  Prepare a sales budget by month

Prepare a sales budget, by month and in total, for the third quarter. Also prepare a schedule of expected cash collections, by month and in total, for the third quarter.

  Discuss the implication of the weakness identified

Identify the weakness in internal control. Discuss the implication of the weakness identified.Make a recommendation to address the weakness

  Prepare an estimate of the absolute minimum price

Prepare an estimate of the absolute minimum price that Astra Controls Ltd could undertake the contract. Overheads The business normally includes a mark-up of 30

  Explain the desired attributes of management accounting

Explain clearly with a suitable example the inter-relationship between the key strategic objectives and the desired attributes of management accounting.

  Calculate the quantity of gilden

Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. Calculate the quantity of Gilden

  Find what is the materials price variance for the month

What is the materials price variance for the month? Was it favorable or unfavorable? data pertain to operations concerning the product for the last month

  List a possible cause for each variance

Calculate material, labor, and overhead variances. List a possible cause for each variance.

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