Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 19, 2024

Lucro hotel plans to expand in future in order to include single room, double room and penthouse. The sales data are expected to be as

Lucro hotel plans to expand in future in order to include single room, double room and penthouse. The sales data are expected to be as follow:

Single Room

Double Room

Penthouse

Selling price per room $

170

220

560

Variable cost per room $

155

Sales mix

30%

50%

20%

Please calculate the weighted average contribution margin (WACM) based on the above table. (1 mark) [1]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

3rd edition

978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132

More Books

Students also viewed these Accounting questions

Question

★★★★★

An RLC circuit has a resistance R = 25 and an inductance L = 160 mH, and is connected to an ac generator with a frequency of 55 Hz. The phasor diagram for this circuit is shown in Figure 24-39. Find...

Answered: 1 week ago

Question

★★★★★

Give an example from your field of interest where a paired comparisons test would be appropriate. Use real or realistic data and perform an appropriate hypothesis test.

Answered: 1 week ago

Question

★★★★★

4. Applied behavior analysis requires several steps for a behavior to be changed. Which of the following is NOT one of the required steps? A. Clear specification of the behavior to be changed and...

Answered: 1 week ago

Question

★★★★★

On August 1, 2015, Trico Technologies, an aeronautic electronics company, borrows $21 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit...

Answered: 1 week ago

Question

★★★★★

What is Representational state transfer ( REST ) and how are the practices used to secure REST APIs.

Answered: 1 week ago

Question

★★★★★

In a cellular layout, additional floor space is required because machines are not very closely linked within a cell. Question 4 1 options: A ) True B ) False

Answered: 1 week ago

Question

★★★★★

The following tableliststheconcentration of E. coli bacteria( C , mg/L) at any given time ( t , min) in a swimming area. Time, t (min) 0 4 8 12 16 20 24 28 Concentration, C (mg/L) 0 2.5 3.2 3.4 3.5...

Answered: 1 week ago

Question

★★★★★

Vulnerability scanning can be a critically important step to ensure a network is secure. For a penetration tester, are there any risks to conducing vulnerability scanning. What liabilities or...

Answered: 1 week ago

Question

★★★★★

A. Make a model for your Jamba Juice e commerce conversion funnel with at least 6 steps. Explain why you chose these six steps. Make some numeric targets (examples) for each step in your conversion...

Answered: 1 week ago

Question

★★★★★

Fiscal Years Ended January 29, 2021 January 31, 2020 Current Earnings Net sales Amount % Sales Amount % Sales February 1, 2019 Amount % Sales $ 89,597 100.00% S 72,148 100.00 % $ 71,309 100.00% Cost...

Answered: 1 week ago

Question

★★★★★

Youve observed two CEOs balancing the work of governing and guiding and using themselves as leaders to drive change. Now think of yourself and assess your general capacity to balance between guiding...

Answered: 1 week ago

Question

★★★★★

29. The basic characteristic of the long run is that: A. barriers to entry prevent new firms from entering the industry. B. the firm has sufficient time to change the size of its plant. C. the firm...

Answered: 1 week ago

Question

★★★★★

2. Now imagine a real situation in your workplace or home situation where someone gives you feedback. a. Did you perceive the feedback as a hidden criticism? b. Did you perceive the feedback as a...

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: feedback and flexibility as a basis for change, intention and communication as a basis for change and behavioural patterns as...

Answered: 1 week ago

Question

★★★★★

Always have the dignity of the other or others as a backdrop.

Answered: 1 week ago

Previous Question Next Question