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SCORPION-xisa [38]
3 years ago
13

High Sky Inn is a bed and breakfast establishment in a converted 100-year-old mansion. The Inn's guests appreciate its gourmet b

reakfasts and individually decorated rooms. The Inn's overhead budget for the most recent month appears below:
Activity level 90 guests

Variable overhead costs:
Supplies $234
Laundry 315

Fixed overhead costs:
Utilities 220
Salaries and wages 4,290
Depreciation 2,680
Total overhead cost $7,739

The Inn's variable overhead costs are driven by the number of guests. What would be the total budgeted overhead cost for a month if the activity level is 99 guests?

a. $61,541.00
b. $7,793.90
c. $8,512.90
d. $7,739.00
Business
1 answer:
Andre45 [30]3 years ago
3 0

Answer:

Correct option is b. $7,793.90

Explanation:

Calculation for What would be the total budgeted overhead cost for a month if the activity level is 99 guests

TOTAL BUDGETED OVERHEAD COST

Variable overhead costs:

Supplies $ 257.40

[ ($234 ÷ 90 guests)*99 guests].

Laundry $346.50

[($315 ÷ 90 guests)*99 guests]

Total variable overhead cost 603.90

($ 257.40+$346.50)

Fixed overhead costs:

Utilities 220.00

Salaries and wages 4,290.00

Depreciation 2,680.00

Total fixed overhead cost 7,190.00

(220.00+4,290.00+2,680.00)

Total budgeted overhead cost$7,793.90

($7,190.00+$603.90)

Therefore What would be the total budgeted overhead cost for a month if the activity level is 99 guests will be $7,793.90

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Using the information below for Sundar Company; determine the total manufacturing costs added during the current year:
defon

Answer: $96,500

Explanation:

Manufacturing cost includes all the costs that went into production in a period including direct costs and manufacturing overhead:

= Direct materials + Direct labor + Manufacturing Overhead

Manufacturing overhead = Beginning work in process + Factory overhead - Ending work in process

= 11,200 + 52,600 - 11,800

= $52,000

Manufacturing cost = 19,500 + 25,000 + 52,000

= $96,500

3 0
3 years ago
Effect of transactions on cash flows
kirill115 [55]

Solution :

            EFFECT                          AMOUNT ($)

a.   Cash payment                       $510,000

b.   Cash receipt                          $600,000

c.   Cash receipt                          $72,400

d.  Cash payment                        $825,000

e.  Cash payment                        $30,000

f.   Cash receipt                           $390,000

g. Cash payment                         $225,000

h. Cash payment                         $1475000    

8 0
3 years ago
Exercise 14-13 Coronado, Inc. had outstanding $5,460,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years.
cupoosta [38]

Answer: Please see expalantion coumn for answer

Explanation:

1) To record issuance of bonds

Date            Account Title            Debit                        Credit

July 1        Cash                         $9,457,500

Discount on bond payable          $292,500

Bond payable                                                               $9,750,000

Calculation:

Cash  =$9,750,000 x 97% = $9,457, 500

Discount = $9, 750,000 - $9,457,500= $292,500

2)To record retirement of 11% bonds

Date            Account Title                        Debit                        Credit

August 1st     Bond payable             $5,460,000

Loss on Redemption of bonds        $218,400

Cash                                                                                            $5,569,200

Discount on Bonds payable                                                           $109,200

Calculation:

Cash =$5,460,000  x 102%  = $5,569,200

Loss on Redemption of bonds = Cash + Discount on bonds payable - Bonds payable =  $5,569,200 + $109,200) - $5,460,000=  $218,400

7 0
3 years ago
If your supervisor is hesitant about accepting your ideas, your best strategy would be to a. preview your conclusion before you
rjkz [21]
<span>Selection C is the most appropriate. By establishing credibility at the outset of your proposal, you can make it clearer that you understand the scope of the problem you're trying to solve. This can also make is easier for your supervisor to develop questions that he or she may have as a way of teasing out some more specifics about your plans and suggestions.</span>
8 0
3 years ago
The financial statements of a company are the primary sources of information that enable us to communicate the financial results
maks197457 [2]

Answer: both internally and externally

                     

Explanation: In simple words, financial statements refers to the group of reports and statements that are prepared by an organisation for communication its financial performance and postilion to its internal and external stakeholders.

It constitutes balance sheet, cash flow statement and income statement etc.

4 0
3 years ago
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