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KIM [24]
3 years ago
5

Analyze Cityscape Hotels Cityscape Hotels has 200 rooms available in a major metropolitan city. The hotel is able to attract bus

iness customers during the weekdays and leisure customers during the weekend. However, the leisure customers on weekends occupy fewer rooms than do business customers on weekdays. Thus, Cityscape plans to provide special weekend pricing to attract additional leisure customers. A hotel room is priced at $180 per room night. The cost of a hotel room night includes the following: Cost Per Room Night (at normal occupancy) Housekeeping service $23 Utilities 7 Amenities 3 Hotel depreciation 55 Hotel staff (excluding housekeeping) 42 Total $130 The special weekend price is proposed for $120 per room night. At this price, it is anticipated that average occupancy for the weekend (Friday, Saturday, and Sunday) will increase from 30% to 50% of available rooms. a. What is the contribution margin for a room night under the normal pricing if only the hotel depreciation and hotel staff (excluding housekeeping) are assumed fixed for all occupancy levels
Business
1 answer:
Ksivusya [100]3 years ago
4 0

Answer:

$147

Explanation:

For the computation of contribution margin for a room night first we need to find out the variable cost per night which is shown below:-

Variable cost per room night = Housekeeping service + Utilities + Amenities

= $23 + $7 + $3

= $33 per room night

Contribution per room night under normal pricing = Normal price per room night - Variable cost per room night

= $180 - $33

= $147 per room night

Therefore for computing the contribution margin for a room night we simply applied the above formula.

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Epic, Inc. recently lost a portion of its records. The following information was available from the accounting records.
Novay_Z [31]

Answer:  $55,600

Explanation:

Total Manufacturing Cost

= Direct Material + Direct Labor + Factory Overhead

Cost of Goods manufactured = Direct materials used + Work-in-Process Inventory, Beginning + Factory Overhead Applied + Direct Labor - Work-in-Process Inventory, Ending

Direct Materials = Cost of Goods manufactured - Work-in-Process Inventory, Beginning - Factory Overhead Applied - Direct Labor + Work-in-Process Inventory, Ending

= 57,100 - 10,500 - 11,500 - (1.4 * 11,500) + 9,000

= $28,000

Total manufacturing cost = 28,000 + ( 1.4 * 11,500) + 11,500

= $55,600

8 0
3 years ago
When warner music group and sub pop records created the alternative distribution alliance in 1993 as a joint venture to distribu
agasfer [191]
The correct option is D.
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8 0
4 years ago
__________ competition assumes perfect market information (everyone in the market knows the price of the good or service).
sweet [91]

Answer:

Perfect

Explanation:

Perfect competition assumes perfect market information.

8 0
2 years ago
Martin company purchases a machine at the beginning of the year at a cost of $60,000. the machine is depreciated using the strai
Alex777 [14]
<span>If the machine originally costs $60,000 and goes through straight-line method of depreciation, then if it has a $5,000 salvage value in 4 years, then it depreciated $55,000 in 4 years, which is about $14,000 a year. So the depreciation expense in year 4 is about $14,000.</span>
8 0
3 years ago
Read 2 more answers
Again, please consider the closed economy of Economia, which has the following information:
Salsk061 [2.6K]

Answer:

$4,000

Explanation:

The computation of the total national saving is shown below:

As we know that

National savings = Total income - consumption - government spending

= $18,000 - $6,500 - $7,500

= $4,000

By deducting the consumption and the government spending from the total income we can get the national savings and the same is applied

5 0
4 years ago
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