Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Q1) Sunrise Hotel has 200 rooms. Each room rents at $110 per night and variable costs total $16 per room per night of occupancy. Fixed costs total $84,000 per month.

 

i) If hotel spends extra $10,000 in the month of February on advertising they feel that they can expect occupancy rate to rise by 5%. What would be te financial impact of spending this extra money on advertising for month of February (28 days)?

 

A)  Total fixed costs will increase by $10,500.

 

B)    Net income will increase by $16,320.

 

C)   Net income will increase by $26,320.

 

D)   Total fixed costs will remain the same.

 

ii) If 80% of the rooms are occupied each night in the month of February (28 days) what will total costs be for the month?

 

A) $86,560.

 

B) $173,600.

 

C) $71,680.

 

D) $155,680.

 

Q2) Manufacturing overhead is assigned to products based on number of machine hours required.  In year when 20,000 machine hours were anticipated, costs were budgeted at $125,000. If product needs 7,000 machine hours, how much manufacturing overhead will be assigned to this product?

 

a) $41,667

 

b) $43,750

 

c) $1,120

 

d) $50,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M916361

Have any Question? 


Related Questions in Accounting Basics

The balance of the 060 par common stock account for company

The balance of the $0.60 par Common Stock account for Company was $60,000 before its recent 3-for-1 stock split. The market price of the stock was $30 per share. What occurred as a result of the split? a. The par value p ...

Practice questionswhat are the main problems associated

Practice questions: What are the main problems associated with strategic management accounting?

Dq1explain how the account of biblical creation can be

DQ1 Explain how the account of biblical creation can be viewed as a model for innovative and creative leaders when managing chaos. DQ2 Hypothesize why it is important for leaders both to create and enable chaos as well a ...

Development of an anti-fraud programa for-profit

Development of an Anti-Fraud Program A for-profit manufacturing organization loses a certain percentage of its annual revenue to fraud. Fraud occurs regardless of organizational size or type. Every organization is vulner ...

Enter the given transactions in the bank account in ajays

Enter the given transactions in the bank account in Ajay's ledger 1 The owner started her business with a capital contribution of N$25 000 which she deposited in the business' bank account 3. Purchased stationary, N$140 ...

Q1 the 2014 balance sheet of sugarpovas tennis shop inc

Q1. The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed long-term debt of $2.9 million. The 2015 income statement showed an interest expense o ...

Questionsummative discussion boardreview and reflect on the

Question: Summative Discussion Board Review and reflect on the knowledge you have gained from this course. Based on your review and reflection, write at least 3 paragraphs on the following: What were the most compelling ...

Practice questionsdescribe the information needs of three

Practice questions: Describe the information needs of three different types of users of financial information and discuss how well these needs are met by the annual report and accounts.

Estimating cash flowsassume that your company is

Estimating Cash Flows Assume that your company is considering the replacement of an automated milling machine with one of the new machines offered by three different manufacturers. Each of the three machines under consid ...

Explain what is meant by accruals and prepayments andhow

Explain what is meant by accruals and prepayments, and How they affect the trial balance.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate