A motel has the following annual information (Net indicates revenue after allowances): Rooms revenue (net) $ 926,000 Food revenue (net) 295,342 Beverage revenue (net) 125,222 Cost of food sales 119,683 Paid rooms occupied 16,831 Rooms available (80 daily) 29,200 (80 x 365) Food covers 38,129 Compute the following ratios: Average room rate Occupancy percentage Average food check Food cost percentage

A motel has the following annual information (Net indicates revenue after allowances): Rooms revenue (net) $ 926,000 Food revenue (net) 295,342 Beverage revenue (net) 125,222 Cost of food sales 119,683 Paid rooms occupied 16,831 Rooms available (80 daily) 29,200 (80 x 365) Food covers 38,129 Compute the following ratios: Average room rate Occupancy percentage Average food check Food cost percentage

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 6BE: Jakes Cabins is a small motel chain with locations near the national parks of Utah, Wyoming, and...

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