{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T06:00:10-04:00", "answer_date": "2024-05-29 06:00:10", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1878349", "url": "\/study-help\/questions\/prairie-motels-has-a-total-of-2900-rooms-in-its-1878349", "question_creation_date_js": "2024-05-29T06:00:10-04:00", "question_creation_date": "May 29, 2024 06:00 AM", "meta_title": "[Solved] Prairie Motels has a total of 2,900 rooms | SolutionInn", "meta_description": "Answer of - Prairie Motels has a total of 2,900 rooms in its chain of motels located in eastern Canada. On average, 50% of the roo | SolutionInn", "meta_keywords": "prairie,motels,total,2,900,rooms,chain,located,eastern,canada,average,50%,occupied", "question_title_h1": " Prairie Motels has a total of 2,900 rooms in its chain of motels located in eastern Canada. On average, 50% of the rooms are", "question_title": " Prairie Motels has a total of 2,900 rooms in its chain", "question_title_for_js_snippet": "Prairie Motels has a total of 2,900 rooms in its chain of motels located in eastern Canada On average, 50 of the rooms are occupied each day The company's operating costs are $29 per occupied room per day at this occupancy level, assuming a 30 day month This $29 contains both variable and fixed cost elements During April, the occupancy rate dropped to only 35 A total of $1,222,350 in operating cost was incurred during April Required 1 Estimate the variable cost per occupied room per day (Do not round intermediate calculations and round your final answer to 2 decimal places ) Variable cost per room per day 2 Estimate the total fixed operating costs per month Fixed operating cost per month 3 Assume that the occupancy rate increases to 50 during May What total operating costs would you expect the company to incur in May (Do not round Intermediate calculations ) Total expected operating cost", "question_description": "\"image", "transcribed_text": "Prairie Motels has a total of 2,900 rooms in its chain of motels located in eastern Canada. On average, 50% of the rooms are occupied each day. The company's operating costs are $29 per occupied room per day at this occupancy level, assuming a 30-day month. This $29 contains both variable and fixed cost elements. During April, the occupancy rate dropped to only 35%. A total of $1,222,350 in operating cost was incurred during April. Required: 1. Estimate the variable cost per occupied room per day. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Variable cost per room per day 2. Estimate the total fixed operating costs per month. Fixed operating cost per month 3. Assume that the occupancy rate increases to 50% during May. What total operating costs would you expect the company to incur in May? (Do not round Intermediate calculations.) Total expected operating cost", "related_book": { "title": "Fundamentals Of Oil And Gas Accounting", "isbn": "9781593703639", "edition": "6th Edition", "authors": "Charlotte Wright", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/62fca51cbc033_11500.jpg", "uri": "\/textbooks\/fundamentals-of-oil-and-gas-accounting-6th-edition-9781593703639", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8986570723", "uri": "\/textbooks\/kings-on-the-rise-step-into-your-destiny-of-kingship-and-wealth-building-spearhead-kingdom-on-earth-1st-edition-979-8986570723-250511", "name": "Kings On The Rise Step Into Your Destiny Of Kingship And Wealth Building Spearhead Kingdom On Earth", "edition": "1st Edition" }, "question_posted": "2024-05-29 06:00:10", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-August-28", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/the-need-to-be-liked-and-to-stay-on-good-701727", "description": "The need to be liked and to stay on good terms with most other people is the need for? a. 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It turned out that 210 (21%) of the sampled individuals had not...", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/the-economy-a-each-month-the-current-population-survey-interviews-1643272", "description": "The economy (a) Each month, the Current Population Survey interviews a random sample of individuals in about 60,000 U.S. households. 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