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antoniya [11.8K]
3 years ago
13

Assume that Hotel Excellent uses activity-based costing to allocate hotel overhead to guests. In Hotel Excellent, if the budgete

d 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
Business
1 answer:
Lyrx [107]3 years ago
5 0

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.

27000x = 900000

x = \frac{900000}{27000}

x = 33.33

So the correct answer is:

c. $33.33 per housekeeping hour

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2. On January 2, 2017, heavy equipment costing $800,000 was purchased. The equipment had a life of 5 years and no salvage value.
Naddika [18.5K]

Answer:

The solution to the given problem is done below.

Explanation:

(a)            Depreciation

            for Financial              Depreciation for Temporary

Year         Reporting Purposes           Tax Purposes            Difference

2017           $160,000                          $264,000          (104,000)

2018           $160,000                          $360,000          (200,000)

2019           $160,000                           $120,000            40,000

2020           $160,000                           $56,000            104,000

2021                  $160,000                                      0                        $160,000

                         $800,000                            $800,000                   0

(b)                        2018       2019          2020         2021           Total  

Future taxable

amounts:

Depreciation     $(200,000)      $40,000      104,000    $160,000    $104,000

Deferred tax liability: $104,000 × 40% = $41,600 at the end of 2017.

8 0
3 years ago
What would be the double entry for an issue of indirect production materials? Select one: a. Dr Material control account Cr Fini
sattari [20]

Answer:

b. Dr Production overhead control a/c Cr Material control account.

Explanation:

Indirect material in the production process is defined as those input that cannot be directly traced to the product. They are different from direct materials like raw materials that are used to make the product.

Indirect materials are classified as overhead.

The double entry for issue of indirect materials is:

Debit production overhead

Credit raw materials inventory (material control account)

Note direct production materials and indirect production materials are credited to material material control account on purchase.

4 0
3 years ago
Pierre's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $284,0
Anastaziya [24]

Answer:

11%

Explanation:

The computation of the annual rate of return is shown below:

Annual rate of return = Average annual income ÷average investment

where,

Average investment = (Initial investment + Salvage value) ÷ 2

= ($284,000 + $74,000) ÷ 2

= $179,000

And,

Average annual income is

= $60,490 - $40,800

= $19,690

So, the annual rate of return is

= $19,690 ÷ $179,000

= 11%

We simply applied the above formula

7 0
3 years ago
A careful analysis of the cost of operating an automobile was conducted by a firm. The following model was​ developed: Modifying
kenny6666 [7]

Answer:

a. 7,000

b. 9,000

Explanation:

The model developed is correctly stated as follows:

y = 4,000 + 0.2x .................................... (1)

​a) If the car is driven​ 15,000 miles this​ year, the forecasted cost of operating this automobile ls ​(enter your response as a whole​ number)

When x = 15,000, we substitute this into equation (1) and calculate y as follows:

y = 4,000 + 0.2(15,000) = 4,000 + 3,000 = 7,000

Therefore, the forecasted cost of operating this automobile ls $7,000 when the car is driven​ 15,000 miles this​ year.

​b) If the car is driven​ 25,000 miles this​ year, the forecasted cost of operating this automobile is ​(enter your response as a whole​ number).

When x = 15,000, we substitute this into equation (1) and calculate y as follows:

y = 4,000 + 0.2(25,000) = 4,000 + 5,000 = 9,000

Therefore, the forecasted cost of operating this automobile ls $9,000 when the car is driven​ 25,000 miles this​ year.

Comparing the answers obtained in (a) and (b) above, we can see that the higher the number of miles the car is driven, the higher is the operating cost. This implies that there is a positive relationship between the number of miles the car is driven and its operating cost.

5 0
3 years ago
Typical cost drivers include ______. Multiple select question. computer time machine depreciation machine-hours utilities cost f
Vlad1618 [11]

People have driving as a profession.  Typical cost drivers include;  Computer time , machine hours  and flight hours.

<h3>What are cost linked to driving</h3>

A cost driver is simply known as the unit of an activity that leads to the change in activity's cost. This driver is simply any factor which leads  a change in the cost of an activity.

Examples of other typical cost drivers are;

  • Direct labor hours worked.
  • The number of customer contacts made.
  • The number of engineering change orders given out etc.

Learn more about Driving from

brainly.com/question/1071840

<h3 />
7 0
2 years ago
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