Answer:-
Solution
Y= | $ 3366.00 | + | $ 0.68 | X |
Working
Cost | No. of activities | ||
A | High Level | $ 23120.00 | 29100 |
B | Low Level | $ 11960.00 | 12660 |
C=A-B | Difference | $ 11160.00 | $ 16440.00 |
A | Cost difference | $ 11160.00 | |
B | No. of activities difference | 16440.00 | |
C=A/B | Variable cost per unit | $ 0.6788 | |
High Level | Low Level | ||
A | No. of activities | 29100 | 12660 |
B | Variable cost per unit | $ 0.6788 | $ 0.6788 |
C=AxB | Total Variable cost | $ 19754 | $ 8594 |
D | Total cost | $ 23120.00 | $ 11960.00 |
E=D-C | Total fixed cost | $ 3366 | $ 3366 |
Requirement 2
Variable cost | $ 9367 |
Fixed cost | $ 3366 |
Total cost | $ 12733 |
Working
No of Occupancy days | 13800 |
Variable cost (13800 x 0.6788) | $ 9367 |
Fixed cost | $ 3366 |
Total cost | $ 12733 |
Wedst seven months were as Occupancy Days 18,200 12,660 15.240 29,100 25,200 17,600 14,900 Month March...
The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows: Month March April May June July August September Occupancy Days 18,300 12,740 15,360 29,400 25,800 18,000 15,100 Custodial Supplies Expense $ 16,700 17,250 20,150 23,350 26,000 20,750 20,000 Occupancy-days are a measure of the overall activity at the hotel. For example, when a guest stays at the hotel for three days, it is counted as three occupancy-days. Required: 1. Using the high-low method, estimate...
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The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows: Month March April May June July August September Occupancy-Days 6.900 7.900 13,600 20,500 25,500 17,800 15,000 Custodial Supplies Expense $ 14,430 15,150 19,420 23,950 27,450 20,710 19,450 Occupancy-days are a measure of the overall activity at the hotel. For example, when a guest stays at the hotel for three days, it is counted as three occupancy-days. Required: 1. Using the high-low method, estimate a...
The Lakeshore Hotel's guest-days of occupancy and custodial supplies expense over the last seven months were: Month March April May June July August September Guest-Days of Occupancy 8,500 •8,000 10,500 12,000 14,000 13,000 10,500 Custodial Supplies Expense $ 14,100 $ 13,600 $ 16,100 $ 17,600 $ 19,600 $ 18,600 $ 16,100 Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three days is counted as three guest-days. Required:...
The Lakeshore Hoter's guest-days of occupancy and custodial supplies expense over the last seven months were: Month March April May June July August Guest-Days of Supplies Expense S 13,100 s12,600 15,100 11,000 16,600 18,600 17,800 15,100 7,500 7,000 9,500 13,000 12,000 9,500 Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three days is counted as three guest-days Required: 1. Using the high-low method, estimate a cost formula...
Check my we 1 10 D The Lakeshore Hotel's occupancy days and custodial supplies expense over the last seven months were as follows: Custod Occupancy Supplies Expense March 18, April 16,020 July August September 16,200 Occupancy days are a measure of the overall activity at the hotel. For example, when a guest stays at the hotel for three days, it is counted as three occupancy-days Required: 1. Using the high-low method estimate a cost formula for custodial supplies expense. (Round...
Homework EXERCISE 2-14 High-Low Method; Predicting Cost The Lakeshore Hotel's guest-days of occupancy and custodial supplies expense over the last seven months were: Month March April May June July August September Guest Days of Occupancy 4,000 6.500 8,000 10,500 12,000 9,000 7,500 Custodial Supplies Expense $7,500 $8.250 $10,500 $12,000 $13,500 $10,750 $9.750 Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three days is counted as three guest-days....
NISE 3-5 High-Low Method; Predicting Cost [L01. L031 ashore Hotel's guest-days of occupancy and custodial supplies expense over the last seven The Lakeshore Hotel's months were: Month Guest-Days of Occupancy Custodial Supplies Expense March April May ..... June ... July August .. September ..... 4,000 6,500 8,000 10,500 12,000 9,000 $7,500 $8,250 $10,500 $12,000 $13,500 $10,750 $9,750 7,500 Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three...
1. Refer to Exercise 2-14 on page 55. Part 1 of 2. Using the formula format as shown on page 34 of the text, and using the High/Low Method, estimate a cost formula for custodial supplies expense for the Lakeshore Hotel. 2. Refer to Exercise 2-14, Part 2 of 2 on page 55. Using the cost formula derived in part one , the total amount of custodial supplies expense you would expect Lakeshore Hotel to incur at an occupancy level...
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