Determine the number of rooms occupied for average weekday

Assignment Help Accounting Basics
Reference no: EM132716739

Problem - Analyze Ambassador Suites' staffing budget

Ambassador Suites Inc. operates a downtown hotel property that has 300 rooms. On average, 80% of Ambassador Suites' rooms are occupied on weekdays, and 40% are occupied during the weekend. The manager has asked you to develop a budget for the housekeeping and restaurant staff for weekdays and weekends. You have determined that the housekeeping staff requires 30 minutes to clean each occupied room. The housekeeping staff is paid $14 per hour. The housekeeping labor cost is fully variable to the number of occupied rooms. The restaurant has six full-time staff on duty to staff the restaurant for breakfast and lunch (eight hours), regardless of occupancy. However, for every 60 occupied rooms, an additional person is brought in to work in the restaurant for breakfast and lunch (eight hours). The restaurant staff is paid $12 per hour. Prepare two columns, labeled as weekday and weekend day.

Required -

a. Determine the number of rooms occupied for an average weekday and weekend day.

b. Determine the housekeeping staff budget for an average weekday and weekend day.

c. Determine the restaurant staff budget for an average weekday and weekend day.

d. Determine the total staff budget for an average weekday and weekend day.

Reference no: EM132716739

Questions Cloud

Evaluating the budgeting system in a service company : Evaluating the Budgeting System in a Service Company - What budgeting methods are being used under the new approach
Prepare a monthly cash budget and supporting schedules : The company expects to sell about 10% of its merchandise for cash. Prepare a monthly cash budget and supporting schedules
Digital forensic methods to solve crimes : Law enforcement professionals and investigators use digital forensic methods to solve crimes every day.
Protection of patient data : Protection of patient data has become a critical part of the scope of practice of all healthcare professionals.
Determine the number of rooms occupied for average weekday : Analyze Ambassador Suites' staffing budget - Determine the number of rooms occupied for an average weekday and weekend day
Blockchain potential for application : What is Blockchain's potential for application in the HR functions of recruitment and selection.
Employer to develop incident response plan : Assume that you have been tasked by your employer to develop an incident response plan.
Determine the parking lot budgeted profit : If depreciation expense and other expenses for running the parking lot were estimated to be $2 million per year, determine the parking lot's budgeted profit
Determine the total number of RVUs expected per day : A nurse earns $180 per day and is able to perform 40 RVUs per day. Determine the total number of RVUs expected per day for the coming week

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd