What would be total labor cost

Assignment Help Financial Accounting
Reference no: EM13131702

Bo's Gym is a complete fitness center. Owner Bo Sanderson employs various fitness trainers who are expected to staff the front desk and to teach fitness classes. While on the front desk, trainers answer the phone, handle walk-ins and show them around the gym, answer member questions about the weight machines, and do light cleaning (wiping down the equipment, vacuuming the floor). The trainers also teach fitness classes (e.g., pilates, spinning, body pump) according to their own interest and training level. The cost of the fitness trainers is $500 per month and $25 per class taught. Last month, 100 classes were taught.

1. What was the unit cost of labor (per class) for last month?

2. How many classes would be offered if Bo increased the number of classes offered by 100 percent?

3. What would be the total labor cost?

4he unit labor cost? Round your answer to two decimal places.

Reference no: EM13131702

Questions Cloud

Electronic message : Describe an instance when you sent an electronic message without thoroughly reviewing it before hitting "send". What could you have done differently
Find the probability that the individual has the disease : Patient does not have disease occurs 1% of the time. If a randomly selected individual is positive what is the probability that the individual has the disease?
How city government is spending their tax dollars : Consider the statement by Mayor Jerry Abramson about the Louisville Checkbook: With a few clicks, Louisville, KY residents can now see exactly how city government is spending their tax dollars Do you agree or disagree with this statement? Defend y..
Evaluate the opportunity costs for damien chrysler : evaluate the opportunity costs for Damien Chrysler for failure to accept a proposal from within to manufacture a vehicle for the Indian market and suggest ways that opportunity cost can be minimized.
What would be total labor cost : How many classes would be offered if Bo increased the number of classes offered by 100 percent? What would be total labor cost?
What would the volume of the gas be : A certain quantity of a gas occupies 61.3 mL at 68C. If the pressure remains constant, what would the volume of the gas be at 17C?
At what sales volume would the two stores have equal profits : Carslberg has fixed costs of $250,000 per month and a contribution margin ratio of 35%. Tuborg has fixed costs of $400,000 per month and a contribution margin ratio of 65%. At what sales volume would the two stores have equal profits?
What is the mass of the steel bar : A volume of 95.0ml of h2o is initially at room temperature 22.0 C. A chilled steel rod at 2.00 *C.is placed in the water. If the final temperature of the system is 21.2 *C. what is the mass of the steel bar?
Loosen the constraint in coating and sharpening : Consider Model C210 and Model D400 chisels. Which product should be emphasized if the constraint in coating and sharpening cannot be loosened?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find out or prepare the price-earnings ratio

Find out or prepare the price/earnings ratio, the dividend payout ratio, the dividend yield, book value, and earnings per share, and identify whether you would consider this company a good investment, with regard to your personal investment object..

  Evaluate mergers and acquisitions

Concept of business, forms and organisations of business, business strategy, financial management methods, allocation of capital and control of an organisation.

  Prepare financial statements for rawls repair corporation

Prepare the financial statements for Rawls Repair Corporation as of October 31 in the space and Prepare the Income Statement, Statement of Retained Earning and the Balance Sheet.

  Illustrate what is the balance in retained earnings

Net income for the current year was $300,000. If the company paid a dividend of $2 per share on its common stock, illustrate what is the balance in Retained Earnings at the end of the year?

  Determine the total overhead cost

Evaluate the total overhead from the given data - Using the rates you computed, determine the total overhead cost applied to Case 618-3.

  Determine the economic order quantity

Evaluate the economic order quantity for the spice in terms of 10 pound bags and If the company works 250 days per year, on average how many bags of spice are used per working day?

  To minimize the company''s risk and to gain surplus relief

To minimize the company's risk and to gain surplus relief, the company ceded 75% of the policy described in transaction 1 to a reinsurer on August 1, 2007. The reinsurer's commission was 20%. Forgetful received the commission in cash. The reinsura..

  Explain tests that you would perform to test the correctness

Explain tests that you would perform to test the correctness of pricing of raw materials, work in progress, and finished goods. Determine the amount of projected population misstatement based on your sample.

  Should old riveting machine be replaced by the new one

The applicable corporate tax rate is 40%, and the firm’s WACC is 12%. Yje old machine has been fully depreciated and has no salvage value. Should old riveting machine be replaced by the new one?

  Calculate the total gain that the two companies can achieve

Calculate the total gain that the two companies can achieve by entering into a swap between them and explain briefly why such swap transforms a fixed rate liabilities of ABC inc. in floating rate liabilities

  Evaluate the 2012 cost of goods sold

Evaluate the 2012 cost of goods sold using the LIFO method and find what method would you recommend to owner to minimize income taxes in 2012, using inventory information for footballs as a guide?

  Can the loan be repaid as planned describe

In preparing the cash budget, assume that the $30,000 loan will be made in April and repaid in June. Interest on the loan will total $1,200. If the company needs a minimum cash balance of $20,000 to start each month, can the loan be repaid as plann..

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