1)
Aday Resort and Spa recorded the following information last month:
Operating Days | 30 |
Total Rooms Sold | 1,677 |
Rooms Available | 65 per night |
Occupancy % | 86% |
ADR | $45.00 |
Variable Costs | |
Housekeeping Wages | $ 16,450.00 |
Supplies | $ 2,740.00 |
Utilities | $ 3,320.00 |
Miscellaneous | $ 1,420.00 |
Fixed Costs | |
Mortgage | $ 6,000.00 |
Insurance | $ 2,000.00 |
Depreciation | $ 3,000.00 |
Salary | $ 5,400.00 |
Using the information above, calculate the following:
Breakeven Rooms
Select one:
a. 536
b. 208
c. 499
d. 1950
2)
The Vista Room Restaurant has used historical data, and averaged out the annual sales and variable costs of each of its menu item as shown below:
Menu Item |
Sales |
Variable Costs |
A |
$ 13,500 |
$6,100 |
B |
$ 9,100 |
$4,497 |
C |
$ 12,456 |
$8,564 |
D |
$ 8,854 |
$3,490 |
Total |
$ 43,910 |
$22,651 |
Using the information above:
Calculate the VR for each Item
Select one:
a. VR Item A: .45
VR Item B: .49
VR Item C: .69
VR Item D: .39
b. VR Item A: .55
VR Item B: .58
VR Item C: .51
VR Item D: .27
c. VR Item A: .45
VR Item B: .39
VR Item C: .79
VR Item D: .39
d. VR Item A: .55
VR Item B: .49
VR Item C: .54
VR Item D: .22
3)
The Grand Aday Tavern reported the following information for 5 menu items
Menu Item | #UNITS | TOTAL SALES | USP | UVC | TVC | PSTS | VR | WVR | |
A | 200 | $ 800.00 | $ 4.00 | $ 1.50 | $ 300 | 0.13 | 0.38 | 0.05 | |
B | 300 | $ 900.00 | $ 3.00 | $ 0.60 | $ 180 | 0.15 | 0.20 | 0.03 | |
C | 200 | $ 650.00 | $ 3.25 | $ 1.40 | $ 280 | 0.11 | 0.43 | 0.05 | |
D | 350 | $ 2,275.00 | $ 6.50 | $ 2.20 | $ 770 | 0.38 | 0.34 | 0.13 | |
E | 180 | $ 1,350.00 | $ 7.50 | $ 3.00 | $ 540 | 0.23 | 0.40 | 0.09 | |
Total Sales | $ 5,975.00 | 0.35 | Overall WVR | ||||||
0.65 | WCR |
Using the information in the table above:
Breakeven in Dollars with a TFC of $600,000
Select one:
a.
$923,076.92
b.
$1,098,764.34
c.
$976,544.34
d.
$876,443.98
For Question 1, Break Even Rooms are 534 rooms as per our calculation. But there is no option equals to 534, Then option A 536 rooms is selected as it is near to our answer.
1) Aday Resort and Spa recorded the following information last month: Operating Days 30 Total Rooms...
1) The Grand Aday Tavern reported the following information for 5 menu items: Menu Item Unit Selling Price Unit VC Total VC A $4.00 $1.50 $300.00 B $3.00 $0.60 $180.00 C $3.25 $1.40 $280.00 D $6.50 $2.20 $770.00 E $7.50 $3.00 $540.00 Using the information in the table above: Calculate #Units sold for each item Select one: a. #Units A: 200 #Units B: 300 #Units C: 200 #Units D: 350 #Units E: 180 b. #Units A: 300 #Units B: 280...
ALCO Company has the following information: Sales $98,000 Costs $74,000 Net Income $24,000 Total Assets $43,000 Total Debt $13,000 Total Equity $30,000 ALCO has predicted a sales increase of 10% and that every item will increase by 10% as well. Create the pro forma statement and reconcile them. What is the plug variable and how much? Select one: a. Dividend is a plug variable, amount $23,400 O b. Dividend is a plug variable, amount $24,300 c. Debt is a plug...
ALCO Company has the following information Sales $98,000 Costs $74.000 Net Income $24,000 Total Assets $43,000 Total Debt $13,000 Total Equity $30,000 ALCO has predicted a sales increase of 10% and that every item will increase by 10% as well. Create the pro forma statement and reconcile them. What is the plug variable and how much? Select one a Dividend is a plug variable, amount $24300 b. Dividend is a plug variable, amount $23,100 c Debtis a plug variable amount...
Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units: Begin by showing the formula for contribution margin per unit and then enter the amounts to calculate the contribution margin per unit for each situation. (Abbreviation used: CM = contribution margin.) CM per unit Situation a. II Situation b. Situation c. Situation d. Now select the labels to show the formula for breakeven point in units and then enter...
Match the following terms with the correct definitions 1. Costs that do not change in total over wide ranges of volume. Technique that estimates profit or loss results when conditions 2. change a. Breakeven b. Contribution margin c. Cost behavior d. Margin of safety e. Relevant range 3. The sales level at which operating income is zero. Drop in sales a company can absorb without incurring an operating . Cos loss. 5. Combination of products that make up total sales....
1. Which of the following are elements of revenue? a. food and beverage b. volume and price c. profits and cash flow d. advertising and profits 2. Ignoring price elasticity, which of the following is the best contributor to larger profits? a. increase in menu prices b. increase in customers c. increase in advertising d. inelastic demand 3. Which of the following can be used to forecast sales? a. statistical models b. CVP c. moving average method d. all of...
9. A company provided the following information: $500,000 $30 Sales revenue Variable cost per unit Contribution margin ratio Total fixed cost 0.40 $110,000 Using the above information, determine the: a) Selling price per unit b) Breakeven point in units and dollars. Prove the results. c) Contribution margin per unit d) Margin of safety in dollars and as a percent
The following information is for the Jeffries Corporation: Product A: Revenue $ 15.00 Variable Cost $ 10.00 Product B: Revenue $ 33.00 Variable Cost $ 18.00 Total fixed costs $ 399,000 What is the breakeven point, assuming the sales mix consists of three units of Product A and one unit of Product B? A. 39,900 units of A and 13,300 units of B B. 12,091 units of A and 4,030 units of B C. 13,300 units of A and 39,900...
Rapid Cabinet Makers Inc. provided the following information for last month: Sales Variable costs Fixed costs Operating income $25,000 10,000 3,000 $12,000 If sales reduce to half the amount in the next month, what is the projected operating income? O A. $4,500 B. $18,500 C. $1,000 D. $6,000
Question 9 10. Thanks for your help
9. Given the following information, find fixed costs: a. Total sales, $104,672 profit, $18.000; variable rate, 42 h Profit, $12.000: number of customers, 32392; variable cost per unit. c. Sales price per unit, $1460; profit, $34,000, number of customers. price per unit, $18.40: number of custom- $4.63; sales price per unit, $10.34 26,712; variable rate, 35 ers, 26,549: profit, $33,000 d. Contribution rate, 65; sales 10. Given the following information, find profit xed...