What would be the total budgeted overhead cost

Assignment Help Managerial Accounting
Reference no: EM133127320

Question - Mongelli Family Inn is a bed and breakfast establishment in a converted 100-year-old mansion. The Inn's guests appreciate its gourmet breakfasts and individually decorated rooms. The Inn's overhead budget for the most recent month appears below:

Activity level 90 guests

Variable overhead costs:

Supplies $234

Laundry 315

Fixed overhead costs:

Utilities 220

Salaries and wages 4,290

Depreciation 2,680

Total overhead cost $ 7,739

The Inn's variable overhead costs are driven by the number of guests.

Required - What would be the total budgeted overhead cost for a month if the activity level is 99 guests?

Reference no: EM133127320

Questions Cloud

Calculate the amount to report on each line : Calculate the amount to report on each line in the table below, including Neil's 2021 Net Income for Tax Purposes and Taxable Income
What is the present value of the investments : What is the present value (PV) of the following investments - Payment $250 per week starting week 0 for 10 years. Interest Rate is 2.25% per semiannual
Create an object oriented design and coded solution : Create an Object Oriented design and coded solution for a chosen application, using all the concepts taught in the subject
Estimate the expected npv : You are employed as a financial manager in the company's oldest Irish plant, Estimate the expected NPV of just the incremental Irish investment
What would be the total budgeted overhead cost : Mongelli Family Inn is a bed and breakfast establishment in a converted 100-year-old mansion. What would be the total budgeted overhead cost
Determine the standard hours allowed for october : During October the company worked 1850 direct labor-hours and produced 1300 units. Determine the standard hours allowed for October
How much goodwill was recorded : As of December 31, 2018, how much Goodwill was recorded as a result of this "Business Combination"
Determine the dollar value of cash provided : Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided
Difference between single and multiple-step income statement : What is the difference between the single-step and multiple-step income statement formats? Explain how a business can earn a positive gross profit

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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