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Question 3 The costs of a hotel at two different sales levels are as follows:...

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Accounting

Question 3

The costs of a hotel at two different sales levels are as follows:

Monthly Room Sales
2,000 3,000
Payroll: Salaries $15,000 $15,000
Wages 40,000 60,000
Employee benefits 9,200 10,700
Supplies 2,000 3,000
Utilities 8,000 8,000
Other operating costs 4,000 5,000
Building rent 8,000 8,000
Interest expense 2,000 2,000
Insurance 3,000 3,000

  1. Identify each cost as fixed, variable or mixed.
  2. Calculate the estimated monthly fixed costs (including the fixed portion of mixed costs).
  3. Calculate the estimated variable costs per room sold.

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