Question 1: Assume a local hotel is a service entity. Give some examples of the hotel’s direct and indirect costs, specifying the cost object of each. How might the hotel’s management use this information?

Q: Multiple Choice: Employee costs           IT           Legal costs          Product and Marketing…

A: The following table shows the trend of KH connect:   Q1, 2017 Q2, 2017 Q3, 2017 Q3, 2017 Q1, 2018…

Q: he refrigerator purchased 14 months ago. The unit was covered by a warranty for 12 months, during…

A: A Cost is a factor which causes changes in the activity's cost. Cost is used to allocate indirect…

Q: Service-industry firms can make effective use of ABC systems as well as manufacturers. For each of…

A:

Q: ctivity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine…

A: Activity-based costing method (ABC method): The costing method which allocates overheads to the…

Q: Service industry costing benefits. Select a service industry company of your choice that use costing…

A: A service company is a type of company that renders service to their customers which are intangible.…

Q: When allocating support department costs, managers must identify cost pools.  The choice of cost…

A: Cost pools represents the various cost incurred in the production process of the company that have…

Q: Cost: Salary of marketing manager     Decision: Project discontinuance: manager to be…

A: Relevant cost means  that cost which helps for decision making. conditions :1. It should be future…

Q: Water Works Plumbing Company is a small owner-managed plumbing services company that serves the…

A: Fixed cost refers to those cost which remains same at each level i.e. fixed cost doesn't changes…

Q: Why should a standard cost that is higher than an actual cost be of concern to management? Utilize…

A: Solution Concept Standard cost               Standard cost means the cost that is expected to be…

Q: Concerning computer software to be sold, leased, or otherwise marketed, which of the following costs…

A: Introduction: Costs of product: Amount spent for making the product in to a finished goods from raw…

Q: The purpose of the __________ is to provide information to management and ownership about the…

A: Solution:- Income statement contains the list of expenditure incurred as well as the revenue…

Q: The salaries of salespeople are normally considered a (period, product) cost. The plant manager’s…

A:

Q: Explain how activity-based costing differs from traditional costing systems. Imagine that your local…

A: How activity based costing differs from traditional costing? Answer  Basis Traditional Costing…

Q: Which is the best definition of start-up costs? a. All activities associated with organizing a new…

A: Costs are that worth of money which is utilized to pay for the expenses. Costs are incurred to start…

Q: Define value chain and classification of costs for “Cost of Dell employees’ visit to a major…

A: Value chain:

Q: allocated from total company overnead. Assuming the cafeteria supervisor will remain and that Judith…

A: In this case the costs are variable and fixed overhead costs. The amount Judith would be willing to…

Q: a conversation with an Owner-Manager of a business in Australia or a Ma as a Bank, Retail Store,…

A: Answer: i) According to the Owner - Manger perspective the answer is yes.  To collect and use the…

Q: List three direct costs of the food and beverage department in a hotel. List three indirect costs of…

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Q: Classifying Costs as Product or Period Costs For apparel manufacturer Abercrombie & Fitch, Inc.,…

A: Product costs: Product costs are the costs which are incurred in the production of the goods. These…

Q: restaurant of understaffing it's dining room

A: Understaffing-: Understaffing is a circumstance in which an institution does not have sufficient…

Q: How cost accounting helps tourism firm in determining the price? b. Which kind of decision can be…

A: The system of cost accounting is the process of ascertainment of costs by application of costing…

Q: Have a conversation with an Owner-Manager of a business in Australia or a Manager in an organisation…

A: "Since you have asked multiple sub part question we will solve the first three sub part question for…

Q: Have a conversation with an Owner-Manager of a business in Australia or a Manager in an organisation…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: How can a hotel’s management use cost-volume-profit analysis to help in deciding on room rates?

A: Cost Volume Profit Analysis:   It is an analysis used to determine the manner in which the type of…

Q: Several costs incurred by Bayview Hotel and Restaurant are given in the following list. For each…

A: Controllable costs: Controllable costs are partially controllable by the manager. (e.g.:…

Q: Suggest an appropriate activity base (or cost driver) for each of the following organizations: (a)…

A: Activity base (or cost driver): Cost driver are essential determinants of the cost behavior for…

Q: Explain the most appropriate sales force objectives, strategy, structure and the sales force…

A: Company is work for the increase in profit and revenues, these could increase with the help of…

Q: Question 1: Assume a local hotel is a service entity. Give some examples of the hotel’s direct and…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: indicate which of the following classifications best describe the cost. More than one classification…

A:

Q: For the following activitie, explain which of the objectives of managerial accounting activity is…

A: Managerial accounting:   Managerial accounting is a system, or a process of collecting and…

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Q: The above costs include all of the costs of the restaurant except for organization-sustaining costs…

A: Answer and calculations are given below

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A: Relevant cost indicates the cost that moves with the management decision. Relevant costs are crucial…

Q: This is a start-up costs sheet for a movie theater. Please conduct an income statement for this.

A: The Following Items will be shown in Income Statement Only : Particulars Amount Food vendors…

Q: Question 1: Assume a local hotel is a service entity. Give some examples of the hotel’s direct and…

A: “Since you have posted a many questions, we will solve first question for you. To get the remaining…

Q: XYZ Inc, is a BPO company that carters to different services; call center, finance, and information…

A: The following cost drivers are listed for XYZ Incorporation:

Q: Which of the following is NOT part of a firm’s Total Cost of Ownership for an information system?…

A: The cost of ownership of an information system includes personnel costs, Installation costs for…

Q: How does activity-based costing differ from traditional costing systems? Can you please create a…

A: The costing systems are the system which are used by the companies to identify the cost incurred in…

Q: In the context of a local/regional organization, explain the idea of “cost object”. Discuss the four…

A: Cost Object In simple term cost object is defined as valuation  and measuring of cost which was…

Q: In analyzing whether to build another regional branch, the salary of the Chief Operating Officer…

A: Solution: In analyzing whether to build another regional branch, the salary of  the chief operating…

Q: When a hotel sells a package of services involving several departments, how is the revenue…

A: Management accounting and its practices help managers for allocation of costs, overheads and even…

Q: example of a noncontrollable cost

A: Noncontrollable costs are the costs that cannot be controlled or minimized by the managers. They…

Q: Which kind of decision can be taken by tourism firm using cost accounting methods?

A: Cost accounting (CA) is the branch of accounting which deals with the cost and data of the…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.