A hotel pays the phone company $300 per month plus $0.35 for each call made. During January 7, 000 calls were made. In February 3,000 calls were made. Calculate the cost per phone call in January and February.
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- Acme Inc. manufactures and sells widgets. Acme Inc. sells widgets for $15 each. Acme Inc. uses 3 gizmos for each widget. Gizmos cost $2 each. In December, Acme sold 300 widgets. Acme also pays rent of $500 per month. please show work. A.) What is Acme Inc.'s contribution margin per unit? B.) What is Acme Inc.'s contirbution margin ratio? C.) Assuming the about information is all revenue and expenses for scme, what is December's net income? D.) Determine the fixed cost give the following information: Lowest level of activity- 200 units at a total cost of $600 Highest level of activity- 800 units at a total cost of $1,800 Fixed cost =Required:Fill in the missing amounts, labeled (a) through (o), in the table.A hotel pays the phone company $100 per month plus S.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. Required:1. Calculate the hotel's phone bills for January and February.2. Calculate the cost per phone call in January and in February.A hotel pays the phone company $200 per month plus $.15 for each call made. During January 7,000calls were made. In February 8,000 calls were made.Required:1. Calculate the hotel’s phone bills for January and February.2. Calculate the cost per phone call in January and in February.3. Separate the January phone bill into its fixed and variable components.4. What is the marginal cost of one additional phone call in January?5. What was the average cost of a phone call in January?
- The Palmer Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $ 70 a night. Operating costs are as follows. $ 5,700 per month $ 1,200 per month Salaries Utilities Depreciation $ 1,000 per month Maintenance $ 3,720 per month Maid service $ 14 per room Other costs $ 28 per room Determine the inn's break-even point in number of rented rooms per month. Break-even point rooms LINK Tο ΤΕXT VIDEO: APPLIED SKILLS Determine the inn's break-even point in dollars. Break-even point 2$during 8. House of Furniture, Inc., purchases from a well known manufacturer and sells them at the retail level. Bach set is sold at the rate of $2,500. The average cost of each set of furniture from the manufacturer is $1,500. The costs that the company incurs in a month are presented below: Cost Selling Costs Advertising $950 per month Delivery expenses $60 per set sold Salaries and commission $4,800 per month, plus 4% of sales Depreciation of sales facilities $5,000 per month Other selling expenses $650 per month Administrative Costs Executive salary $13,500 per month Depreciation of office equipment $900 per month Clerical expenses $2,500 per month plus $40 per set sold Insurance $700 per month During November, the company sold and delivered 60 furniture sets. Required: a. Prepare a traditional income statement for November b. Prepare a contribution format income statement. Show costs and revenues on both a total and a per unit basis down through contribution margin.Solomon Corporation paid one of its sales representatives $4,000 during the month of March. The rep is paid a base salary plus $10 per unit of product sold. During March, the rep sold 300 units. Required Calculate the total monthly cost of the sales representative’s salary for each of the following months:
- ! Required information [The following information applies to the questions displayed below.] A hotel pays the phone company $300 per month plus $0.35 for each call made. During January 7,000 calls were made. In February 5,000 calls were made. 2. Calculate the cost per phone call in January and in February. (Round your answers to 3 decimal places.) January February Cost per Phone CallDuring a recent month, Cantho Company planned to provide cleaning services to 30 customers for $26 per hour. Each job was expected to take 6.0 hours. The company actually served 10 more customers than expected, but the average time spent on each job was only 5.5 hours each. Cantho's revenues for the month were OA $1,040 less than expected OB. $1.560 more than expected OC. $1.040 more than expected OD. Cannot be determined from data givenFly High Airlines pays its pilots a salary of $14,000 per month. Jet fuel costs $40 per mile flown. Depreciation for each plane is $7,500 per month. Maintenance is performed at a cost of $3,000 per month. The number of passengers per trip varies with each flight. The number of passengers for May totaled 31,680, with the number of passengers for June totaling 34,600 for trips between Miami and Atlanta, a total distance of 660 miles. Required 1.What effect does the change in the number of passengers have on the following cost of each passenger that flies with Fly High Airlines from Miami to Atlanta? Explain your choices. Pilot's salary Jet fuel Depreciation Maintenance 2.Complete the table below to show the total cost of the following number of miles flown for a particular month: 31,680 and 34,320 miles. [Table] 3.Identify the behavior of Fly High Airlines’ total cost behavior based on your answer to part B. Explain your choice.
- ChimneySweep provides cleaning services for residential chimneys and fireplaces. The cleaning service requires $35 in variable costs for cleaning materials. The fixed costs of labor, the company’s truck, and administrative support are $165,000 per year. ChimneySweep averages 100 service calls per month. What is the average cost per cleaning service call? Round your answer to 2 decimal places.A Mikey's sells $119,500 of its accounts receivable to factors at a 1% discount. The firm’s average collection period is one month. What is the dollar cost of the factoring service? Dollar-cost of the factoring service $_________ per month1. Using the High-Low method, predict the cost of producing 900 treats. Enter your answer rounded to the nearest whole number without a dollar sign or comma (i.e., 1250) 2. ABC Company leases a copy machine with terms that include a fixed fee each month plus a charge for each copy made. ABC made 9,000 copies and paid a total of $ 473 in January. In April, they paid $ 287 for 5,000 copies. What is the variable cost per copy if ABC uses the high-low method to analyze costs? Enter your answer with two decimals (i.e., .xx)
