Use the following data for questions 21 and 22: Yewston Hotel bases its budgets on guest-days....
Use the following data for questions 21 and 22:
Yewston Hotel bases its budgets on guest-days. The hotel’s static budget for April appears below:
Budgeted number of guest-days ..............
2,300
Budgeted variable costs:
Supplies (@$3.40 per guest-day) .........
$ 7,820
Laundry (@$9.40 per guest-day) .........
21,620
Total variable cost ...................................
29,440
Budgeted fixed costs:
Wages and salaries ...............................
10,120
Occupancy costs ...................................
25,300
Total fixed cost ........................................
35,420
Total cost .................................................
$64,860
21.
The total variable cost at the activity level of 3,200 guest-days per month should be:
A. $40,960
B. $49,280
C. $29,440
D. $35,420
22.
The total fixed cost at the activity level of 3,400 guest-days per month should be:
A. $52,360
B. $35,420
C. $95,880
D. $64,860
Homework Answers
| Ans. 21 | Option A $40,960 | |
| Calculations: | ||
| Supplies ($3.40 * 3,200) | $10,880 | |
| Laundry ($9.40 * 3,200) | $30,080 | |
| Total variable cost | $40,960 | |
| Ans. 22 | Option B $35,420 | |
| *Fixed costs remain constant on each level of activity. | ||
| So, Total fixed cost = $35,420 | ||
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Use the following data for questions 21 and 22:
Yewston Hotel bases its budgets on guest-days....
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