User Account

All Pages

How much are estimated monthly variable costs

Assignment Help Financial Accounting
Reference no: EM132578284

Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows:

                                                     January              February           March              April            May          June       July

Number of rooms cleaned             250                 160                 200                150         285           170    260

Cleaning cost                         $6,450                  $4,060      $5,100                 $4,100   $7,000       $4,200   $6,530

Question 1: How much are estimated monthly variable costs using the high-low method?

Reference no: EM132578284

Questions Cloud

Define active dividends policy : a. Define Active Dividends Policy. Explain with help of Bird in Hand Theory, Clientele Effect Theory and Tax Effect Theory?
What is the variable cost per unit for thomas train : Using the high-low method, what is the variable cost per unit? Round to two decimal places. Thomas Train has collected the information
Was John actions ethical given the nature of the economy : Was John Thain's actions ethical given the nature of the economy? Was Mr. Thain looking out for Merrill Lynch's external as well as internal stakeholders
What is financial signaling as it relates to cash dividends : What is financial signaling as it relates to cash dividends, stock dividends, and stock repurchase?
How much are estimated monthly variable costs : How much are estimated monthly variable costs using the high-low method? Rooter's Cleaning Services provided data concerning the costs
Calculate the effective beta portfolio : Does this investment firm take a buy or sell position in the futures market? How many contracts are needed? Calculate the effective beta portfolio
Prepare the payroll journal entry for the wages paid : Total gross payroll for the 450 employees of Abacus Corp for the first pay period in January was $940,000, Prepare the Payroll journal entry for the wages paid
Who will be affected by ilene decision : Is this a simple matter of timing or is more at stake? Will Ilene's financial statements look the same over the course of the year because of this choice?
Determine the margin of safety in terms of sales revenue is : The unit sales price is $100, unit variable cost is $30, and the fixed costs per month are $5,000. The margin of safety in terms of sales revenue is

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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