Assume that Hotel Excellent uses activity-based costing to allocate hotel overhead to guests. In Hotel Excellent, if the budgeted costs for the housekeeping department are $900,000, and total estimated activity-base usage is 27,000 hours, calculate the housekeeping department's activity rate. (Round answer to two decimal places.)a. $30.00 per housekeeping hour
b. $45.00 per housekeeping hour
c. $33.33 per housekeeping hour
d. $35.88 per housekeeping hour
Answers
Answer:
c. $33.33 per housekeeping hour
Explanation:
The housekeeping department's activity rate is how much each housekeeping hour costs.
This question can be solved by a simple rule of three.
27000 hours cost $900000. How much does 1 hour cost?
27,000 hours - $900,000.
1 hour - $x.
So the correct answer is:
c. $33.33 per housekeeping hour
Related Questions
Elenor Company sells 400 units of inventory for $40 each. The inventory originally cost Elenor $26 each. What is Elenor’s gross profit on this transaction?
In choosing to acquire a TV manufacturer as part of your entry strategy to enter the Smart TV market, Apple intends to integrate the TV manufacturer within its own company. The transfer of which competencies between the two companies creates the possible scenario for success? A. Fully integrate the company and combine it with the current computer business because monitors and televisions are similar in their requirementsB. Transfer the knowledge of touchscreen capabilities and the Apple ecosystem from Apple to the TV manufacturer to use for the new Apple Smart TV
g The market supply curve in the short run is _______. A. horizontal at the shutdown price and upward sloping at prices above the shutdown point B. an upward-sloping curve that shows that as the market price rises the quantity supplied increases C. the same as the horizontal sum of the firms' marginal cost curves D. the same as the average total cost curve for the entire ind
Write a class called Cashier that directs a cashier how to cash goods and give change to customers. The typical cashier operations are as follows: (a) Cashier clears the cash register machine. (b) Cashier enters the name and the price of each item in the cash registering machine. (c) The customer tenders an amount of money to pay for the goods (We assume the amount covers the total). (d) The cash machine computes: a. The number of items purchased b. The total amount of purchase c. The average price of each item d. The number of coin denominations that the customer should receive. That is, the number of silver dollars, quarters, dimes, nickels, and cents the customer should receive in turn java
Answers
Answer:
- 1. $486,134.86
- 2. $525,593.86
- 3. $602,492.04
Explanation:
You need to use the formula to calculate the future value of a constant annual deposit:
Where r is the expected percent return, and n the number of years.
1. For a deposit of $30,800 at the end of each year for the next 11 years, with 7% interest.
You will have saved:
2. For a deposit of $33,300 each year, for the same number of years and with the same interest rate.
You will have saved:
3. For a deposit of $30,800 each year, but with 11 percent interest, for 11 years.
Answers
Answer:
(17,900) net loss
Explanation:
51 - 16 = 35
Special order Contribution margin
28 sales price - 16 variable cost - 3 shipping cost = 9
Total contribution for the order
3,580 units x 9 CM= 32,220
3,580 x 14 fixed cost = (50,120)
(17,900) net loss
We should assume the fixed cost will increase because we are at full capacity.
Final answer:
Bargain Electronics would realize a loss of $17,300 by accepting the special order.
Explanation:
To determine the net income (loss) from accepting the special order, we need to calculate the cost of producing the units, including both variable and fixed costs, and subtract it from the revenue generated from selling the units to the foreign wholesaler. The cost to produce each unit is $16 variable cost + $14 fixed cost + $3 shipping cost = $33. So, the total cost to produce 3,580 units is $33 × 3,580 = $117,540.
The revenue from selling the units to the wholesaler would be 3,580 × $28 = $100,240. The net income (loss) is calculated by subtracting the total cost from the revenue: $100,240 - $117,540 = ($17,300). Therefore, Bargain Electronics would realize a loss of $17,300 by accepting the special order.
The primary topic of this question is calculating net income (loss) for a business.
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Answers
Answer:
$1,085,000
Explanation:
The computation of the ending account receivable balance is shown below:
= Accounts receivable balance, 1/1/2016 + credit sales - sales returns - written off amount - Collections from customers
= $650,000 + $2,700,000 - $75,000 - $40,000 - $2,150,000
= $1,085,000
Since we have to find out the account receivable balance before allowances so we do not considered it.
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Answers
a. It would take 10 years for an investor to recover his or her initial investment
b. The firm will pay a dividend of $10 per share.
c. The value of the stock will be 10 times the initial investment at the time of maturity.
d. An investor would receive 10 percent of the total earnings of the firm, at the time of liquidation
Answers
Answer:
1. Measure of the percentage change in earnings before interest and tax or operating cash flow:
B) Degree of operating leverage
2. P/E Ratio of 10 indicates that:
c. The value of the stock will be 10 times the initial investment at the time of maturity.
Explanation:
Company B's degree of operating leverage is the financial measure that shows the degree of change of the operating income of the company in relation to a change in her sales revenue. With this measure, investors and analysts of Company B are able to evaluate how sales impacts the company's operating income. There are many ways to measure a company's degree of operating leverage. One of the methods subtracts the variable costs of sales and divides that number by sales minus variable costs and fixed costs.
Company A's P/E ratio or price/earnings ratio is the measure of the relationship between the current market price and its earnings per share. It is used to evaluate the value of the company's stock. It points out whether the company's stock is undervalued, overvalued, or correctly valued.
Section 302 of Sarbanes-Oxley requires the CEO and CFO to review all financial reports and sign the reports.
One of the three questions put forth by the Institute of Business Ethics is "Do I mind others knowing what I have done?"
Ethical issues may be faced on a small scale, such as making a business decision to produce excess inventory for the sole purpose of trying to influence managers’ bonuses.
A manager who spends excess budgeted funds remaining at the end of a fiscal year on unnecessary expenditures thinking that it is better to "use it than lose it" is acting ethically.
The Foreign Corrupt Practices Act was implemented in 2001 to protect investors by enhancing the accuracy and reliability of corporate financial statements and disclosures.
Answers
Answer:
Statement 1, 2 and 3 are correct whereas statement 4 and 5 are false statements.
Explanation:
Statement 1 is correct because Section 302 of Sarbanes-Oxley states that the principal executive and the CFO must review the report and sign it as well to certify that these reports are accurate.
Statement 2 is correct because it is one of the 3 questions put forth by the Institute of Business Ethics.
Statement 3 is correct because ethical issues can be faced on smaller scale. It can be faced while purchasing from small stores where they we can easily manipulate the facts.
Statement 4 is false because a manager who is manipulating facts is not acting ethically.
Statement 5 is also incorrect because Foreign Corrupt Practices Act was enacted to restrain people and entities to bribe government officials of other countries for assistance in obtaining or restraining business.
Final answer:
Section 302 of Sarbanes-Oxley requires CEO and CFO to review and sign financial reports. Institute of Business Ethics question is about others knowing what one has done. Ethical issues can be faced on a small scale like influencing bonuses. Manager spending excess funds is not ethical. Foreign Corrupt Practices Act protects investors.
Explanation:
Section 302 of Sarbanes-Oxley requires the CEO and CFO to review all financial reports and sign the reports. (True)
- One of the three questions put forth by the Institute of Business Ethics is "Do I mind others knowing what I have done?" (True)
- Ethical issues may be faced on a small scale, such as making a business decision to produce excess inventory for the sole purpose of trying to influence managers’ bonuses. (True)
- A manager who spends excess budgeted funds remaining at the end of a fiscal year on unnecessary expenditures thinking that it is better to "use it than lose it" is NOT acting ethically. (False)
- The Foreign Corrupt Practices Act was implemented in 2001 to protect investors by enhancing the accuracy and reliability of corporate financial statements and disclosures. (True)
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