Homework Help is Here – Start Your Trial Now!
Business
Accounting
Following is information for the Rooms Department for the Ocean Front Hotel for the first six periods of the year.  Room Revenue $8,713,000 Transient Rooms Sold 83,730 Group Rooms Sold 16,270 Total Rooms Sold 100,000 Operating Expenses Linen $31,100 Cleaning Supplies $24,000 Guest Supplies $104,800 Outside Services $24,000 Laundry $80,500 Concierge Expense $60,000 Office Supplies $19,200 Reservation Expenses Reservation Department $150,000 Fixed Res Center Cost $180,000 Variable Reser. Center Cost at $6 per transient res. $251,200 Total Reservation Expense $581,200 All other Expense $120,000 Total Operating Expenses $1,044,800 Total Operating Expense Percentage 12.0% Use the table above to answer Use the following formulas to calculate each one of the line items. They will be used to prepare the annual budget for next year. Round the average cost per period to whole dollars, round the cost per occupied room to whole cents, and round the percentage of sales to two decimals (i.e 0.33%). Use the laundry and reservation information as supplied. Linen - What is the average linen cost per period, for the first 6 months? $2,345 per period $4,255 per period $5,183 per period $6,783 per period

Following is information for the Rooms Department for the Ocean Front Hotel for the first six periods of the year.  Room Revenue $8,713,000 Transient Rooms Sold 83,730 Group Rooms Sold 16,270 Total Rooms Sold 100,000 Operating Expenses Linen $31,100 Cleaning Supplies $24,000 Guest Supplies $104,800 Outside Services $24,000 Laundry $80,500 Concierge Expense $60,000 Office Supplies $19,200 Reservation Expenses Reservation Department $150,000 Fixed Res Center Cost $180,000 Variable Reser. Center Cost at $6 per transient res. $251,200 Total Reservation Expense $581,200 All other Expense $120,000 Total Operating Expenses $1,044,800 Total Operating Expense Percentage 12.0% Use the table above to answer Use the following formulas to calculate each one of the line items. They will be used to prepare the annual budget for next year. Round the average cost per period to whole dollars, round the cost per occupied room to whole cents, and round the percentage of sales to two decimals (i.e 0.33%). Use the laundry and reservation information as supplied. Linen - What is the average linen cost per period, for the first 6 months? $2,345 per period $4,255 per period $5,183 per period $6,783 per period

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Following is information for the Rooms Department for the Ocean Front Hotel for the first six periods of the year.  Room Revenue $8,713,000 Transient Rooms Sold 83,730 Group Rooms Sold 16,270 Total Rooms Sold 100,000 Operating Expenses Linen $31,100 Cleaning Supplies $24,000 Guest Supplies $104,800 Outside Services $24,000 Laundry $80,500 Concierge Expense $60,000 Office Supplies $19,200 Reservation Expenses Reservation Department $150,000 Fixed Res Center Cost $180,000 Variable Reser. Center Cost at $6 per transient res. $251,200 Total Reservation Expense $581,200 All other Expense $120,000 Total Operating Expenses $1,044,800 Total Operating Expense Percentage 12.0% Use the table above to answer Use the following formulas to calculate each one of the line items. They will be used to prepare the annual budget for next year. Round the average cost per period to whole dollars, round the cost per occupied room to whole cents, and round the percentage of sales to two decimals (i.e 0.33%). Use the laundry and reservation information as supplied. Linen - What is the average linen cost per period, for the first 6 months? $2,345 per period $4,255 per period $5,183 per period $6,783 per period
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS