FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

The following table indicates the total utility costs and number of guests at a small motel in the months of April through September. Using

The following table indicates the total utility costs and number of guests at a small motel in the months of

The following table indicates the total utility costs and number of guests at a small motel in the months of April through September. Using the high-low method, determine the monthly fixed cost (to the nearest dollar). Month Guests Cost 570 $5,015 710 $5,089 705 $5,495 945 $6,577 815 $6,136 $5,332 O a. $3,936 O b. $2,641 O c. $5,015 O d. $1,562 April May June July August September 650

Step by Step Solution

★★★★★

3.40 Rating (147 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below Calculating Monthly Fixed Cost using Hi... 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

Managerial accounting
Managerial accounting

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

1st edition

471467855, 978-0471467854

More Books

Students explore these related Accounting questions

Question

7.) The Kyoto Protocol was signed in 1997, and required countries to start reducing their carbon emissions. The protocol became enforceable in February 2005. In 2004, the mean CO2 emission was 4.87...

Answered: 3 weeks ago

Question

On May 10, Shelly Company paid Selina Insurance $3,000 for an insurance policy that covers its next fiscal year from June 1 to May 31. Journalize the transaction for Shelly Company. Besides Cash,...

Answered: 3 weeks ago

Question

After graduating from Eastern University in Campus Town, USA with a degree in business, Michael Woods realized that he wanted to remain in Campus Town. After a number of unsuccessful attempts at...

Answered: 3 weeks ago

Question

Problem 5. A RRP Polar Robot is given by 1 (a) If the homogeneous transformation matrix is: T- Joint link length 11-0.5m, 12-0.25m, 0, 0, r (b) Find the Jacobian Matrix (c) Determine interior...

Answered: 3 weeks ago

Question

Why is Acetyl-CoA considered the central molecule of metabolism?

Answered: 3 weeks ago

Question

1. Questions for practicing unit conversions: a. Nanoyear in Seconds: b. Megamicron: c. Bytes in a 1-PB memory: d. Mass of Earth in Kg from 6000 yottagrams:

Answered: 3 weeks ago

Question

What visual features facilitate the detection of emotions in facial expressions?

Answered: 3 weeks ago

Question

Prepare a 2014 income statement through gross profit for Dvorak Company, using the variance data in Practice Exercises and Assume Dvorak sold 1,000 units at $ 90 per unit.

Answered: 3 weeks ago

Question

Four grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western Siberia. The cost of the musk oil is $1.80 per gram. Budgeted production...

Answered: 3 weeks ago

Question

Ewing Natural Gas is a large energy company with headquarters in Dallas, Texas. The company offers a wide variety of energy products and has annual revenues of approximately $50 billion. Because of...

Answered: 3 weeks ago

Question

Caloundra Corporation has book income of $40,000. Included in the book income is $3,000 of tax-exempt interest and a $2,000 non-deductible fine. Also included in book income are $10,000 of dividends...

Answered: 3 weeks ago

Question

Question: Over the last 6 months, you have received numerous complaints from guests and staff that the property management computer system (PMS) is slow, crashes regularly, causes long check-in...

Answered: 3 weeks ago

Question

1. The Jonestown Hideaway Resort hosts hundreds of weddings each year in its sprawling event center. In order to offer wedding parties an all-inclusive experience, they currently have a dedicated...

Answered: 3 weeks ago

Question

Selected accounts from WooHoo Company's adjusted trial balance for the year ended December 31 follow. Notes payable (due in 5 years) Accounts payable Bonds payable (due in 10 years) Machinery $ 4,200...

Answered: 3 weeks ago

Question

Classic hand pumps work by sucking air out and creating a vacuum the top of the pipe, which will drive the fluid up the pipe. In fact, it is similar to how we use a straw to drink liquids. What is...

Answered: 3 weeks ago

Question

You are planning to put up your own business. At that time, the craze was all about the Rubik's Cube. You are not sure if this will continue to be popular. Questions: Going back to the story, will...

Answered: 3 weeks ago

Question

Marwick Corporation issues 10%, 5 year bonds with a par value of $1,050,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%. What is the bond's issue...

Answered: 3 weeks ago

Question

Read the following description and Write a response of it. The discretion of public administrators can be decreased, but not altogether eliminated. Officials will use their discretion in any given...

Answered: 3 weeks ago

Question

Ortega Company uses a job-order costing system. During a year, the firm applied $280,000 of manufacturing overhead in total. At the end of the year, actual manufacturing overhead was determined to be...

Answered: 3 weeks ago

Question

David Sharma sells masks, textiles, and other goods imported from Africa. David usually marks up his purchases by 300% (that is, if he pays $10 for an item, he lists it at $40). His annual sales...

Answered: 3 weeks ago

Question

The Shalimar Paint Company makes a variety of latex- and oil-based paints for interior and exterior use. The process for making paint is virtually the same regardless of the color. Because it takes...

Answered: 3 weeks ago

Question

Use the file winter.dat for this exercise. The data were first discussed in Exercise 19 of Chapter 3. a. Test the null hypothesis that class is not associated with breakaga. In the context of Section...

Answered: 3 weeks ago

Question

We know the clustering structure for the data in Example 10.7. Use results from Chapter 5 (assume one-stage cluster sampling) to estimate the proportion for each cell and margin in the 22 table, and...

Answered: 3 weeks ago

Question

Use Woodruffs method to construct a 95% CI for the median weekday greens fee for nine holes, using the SRS in file golfsrs.dat.

Answered: 3 weeks ago

Previous Question Next Question