Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ter 9. Question 2 Hint: Remember to use the high/lo method for all mixed costs. See p. 341-343 for reference. March (S) 20,000 21,000 16,000

image text in transcribed
ter 9. Question 2 Hint: Remember to use the high/lo method for all mixed costs. See p. 341-343 for reference. March (S) 20,000 21,000 16,000 February (S) 16,000 16,800 15,600 16,350 2,400 600 1,300 740 2,600 January (S) 10,000 10,500 15,000 12,750 2,400 Monthly Sales in Guests Served Cost of Sales (Food Cost) Salaries, Wages, And Benefits Telephone Rent on Building Depreciation of Equipment. Utilities Maintenance and Repairs Administrative Costs 18,750 2,400 600 600 1,500 900 2,600 1,000 500 2,600 Fixed Cost Variable Cost per Guest Item Cost of Sales (Food Cost) Salaries, Wages, And Benefits Telephone Rent on Building Depreciation of Equipment Utilities Maintenance and Repairs Administrative Costs Total 14,000 6,750 0.00 0,00 500 100 0.00 (Variable cost per guest x Number of guests) Total Costs Total Costs Fixed Costs+ a (Variable cost per guest x Number of guests) 30,000 Fixed Costs + Total Costs b. Results c. Lower Higher Favorable Unfavorbale Were actual costs higher or lower than expected Were actual costs favorable or unfavorable 8 9 0 12 43 44 45 46 47 48 49 50 51 52 53 55 06 Q5 Q 4 3 Q 2 Title Page ter 9. Question 2 Hint: Remember to use the high/lo method for all mixed costs. See p. 341-343 for reference. March (S) 20,000 21,000 16,000 February (S) 16,000 16,800 15,600 16,350 2,400 600 1,300 740 2,600 January (S) 10,000 10,500 15,000 12,750 2,400 Monthly Sales in Guests Served Cost of Sales (Food Cost) Salaries, Wages, And Benefits Telephone Rent on Building Depreciation of Equipment. Utilities Maintenance and Repairs Administrative Costs 18,750 2,400 600 600 1,500 900 2,600 1,000 500 2,600 Fixed Cost Variable Cost per Guest Item Cost of Sales (Food Cost) Salaries, Wages, And Benefits Telephone Rent on Building Depreciation of Equipment Utilities Maintenance and Repairs Administrative Costs Total 14,000 6,750 0.00 0,00 500 100 0.00 (Variable cost per guest x Number of guests) Total Costs Total Costs Fixed Costs+ a (Variable cost per guest x Number of guests) 30,000 Fixed Costs + Total Costs b. Results c. Lower Higher Favorable Unfavorbale Were actual costs higher or lower than expected Were actual costs favorable or unfavorable 8 9 0 12 43 44 45 46 47 48 49 50 51 52 53 55 06 Q5 Q 4 3 Q 2 Title Page

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Introduction To Government And Not For Profit Accounting

Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch

5th Edition

0130464147, 978-0130464149

More Books

Students also viewed these Accounting questions