What would be the total budgeted overhead cost for a month

Assignment Help Accounting Basics
Reference no: EM131778390

Question - Marchi 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: 65 guests

Variable overhead costs:

Supplies..................$156

Laundry....................364

Fixed overhead costs:

Utilities...................250

Salaries and wages........4,480

Depreciation..............1,330

Total overhead cost.........6,580

The Inn's variable overhead costs are driven by the number of guests. What would be the total budgeted overhead cost for a month if the activity level is 70 guests?

A) $42,460.00

B) $6,580.00

C) $7,086.15

D) $6,620.00

Reference no: EM131778390

Questions Cloud

How the dialectic is expressed in your friendships : Choose one of these dialectics, and then describe how the dialectic is expressed in your friendships, romantic relationships, and family relationships.
Prepare the entries for the two given transactions : Prepare the entries for the two transactions below. A total cash dividend of $90,000 was declared and payable to stockholders of record
Prepare the june bank reconciliation for the savvy company : Prepare the June bank reconciliation for the Savvy Company and Prepare the general journal entries to bring the company's book balance of cash
Describe the factors of production : In Venezuela, the president confiscates land from owners and then gives the land to whom he wants. How would you describe Venezuela's private property rights?
What would be the total budgeted overhead cost for a month : The Inn's variable overhead costs are driven by the number of guests. What would be the total budgeted overhead cost for a month if activity level is 70 guests
How did bentham include animals in the moral domain : How did Bentham include animals in the moral domain? Why or why not? What was Mill's crisis? How did it affect his subsequent philosophizing?
An ethical analysis based upon the different belief systems : How would each religion interpret the nature of George's malady and suffering? Is there a why to his disease and suffering?
Whats the fast part of the carbon cycle : What effect of the increasing CO2 concentration un the atmosphere on the GPP of an ecosystem?
What is the amount of maintenance : What is the amount of maintenance that would be allocated to the machining department, assuming Hampton uses the step-method to allocate the costs

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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