What was the actual variable cost per room during october

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Reference no: EM132796514

The Hartford Hotel determines variable costs in relation to rooms rented during a month. The following data are available for October:

Actual number of rooms rented during October = 6,000
Budgeted variable cost per room = $24
Variable cost price variance = $9,000 unfavorable
Variable cost volume variance = $7,200 favorable

Problem 1: What was the actual variable cost per room during October?

Option 1: $24.30
Option 2: $25.50
Option 3: $25.20
Option 4: $25.70

The following information concerning inventories for Neiman Company is available:

Beginning work-in-process inventory = $60,000
Ending work-in-process inventory = 76,000
Beginning finished goods inventory = 144,000
Ending finished goods inventory = 120,000

Problem 2: If there were $350,000 of total manufacturing costs added to production during the period, what was the cost of goods manufactured?

Option 1: $326,000
Option 2: $334,000
Option 3: $366,000
Option 4: $374,000

Reference no: EM132796514

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