In: Operations Management
What are the steps to be followed in building the Knowledge Management System in hotel.
In: Computer Science
Hickory Company manufactures two products—13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all $813,600 of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z:
| Activity Cost Pool | Activity Measure | Estimated Overhead Cost | Expected Activity | ||
| Machining | Machine-hours | $ | 249,600 | 12,000 | MHs |
| Machine setups | Number of setups | $ | 162,400 | 280 | setups |
| Product design | Number of products | $ | 92,000 | 2 | products |
| General factory | Direct labor-hours | $ | 309,600 | 14,400 | DLHs |
|
|
|||||
| Activity Measure | Product Y | Product Z |
| Machine-hours | 7,800 | 4,200 |
| Number of setups | 40 | 240 |
| Number of products | 1 | 1 |
| Direct labor-hours | 8,800 | 5,600 |
|
Required |
||
11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal place.)
12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.)
13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.)
14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z?
15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal place.)
In: Accounting
Company manufactures two products—13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all $788,400 of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z:
| Activity Cost Pool | Activity Measure | Estimated Overhead Cost | Expected Activity | ||
| Machining | Machine-hours | $ | 238,800 | 12,000 | MHs |
| Machine setups | Number of setups | $ | 93,100 | 190 | setups |
| Product design | Number of products | $ | 83,000 | 2 | products |
| General factory | Direct labor-hours | $ | 373,500 | 14,400 | DLHs |
| Activity Measure | Product Y | Product Z |
| Machine-hours | 6,900 | 5,100 |
| Number of setups | 40 | 150 |
| Number of products | 1 | 1 |
| Direct labor-hours | 7,900 | 6,500 |
Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal place.)
Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.)
Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.)
Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z?
Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal place.)
In: Accounting
Sox Shogun Hotel sold 2,000 rooms during the past month at an ADR of $70.00. During this month, the ADR is increased by $7.00 and the total number of rooms sold is 1,900. What is the price elasticity of demand? What is the effect of the decrease in the #of rooms to the total room revenue for the Sox Shogun Hotel during this month?
Group of answer choices
$5,600 decrease
$6,300 increase
$6,300 decrease
$5,600 increase
In: Accounting
Think about a population proportion that you may be interested in and propose a hypothesis test problem for this parameter. Gather appropriate data and post your problem. Include the null and alternative hypothesis, alpha value, p-value, and a conclusion. Make sure that you use appropriate terminology, specify whether you are using the classical method or the p-value method, and fully explain your solution.
I went to a local dog park and counted the number of dogs entering the park around from 5-7 a Friday evening. While there I counted 50 dogs, out of the 50 there were 19 small dogs that arrived at the park that evening. assume a random sample. test this at a 0.25 significance level.
H0: is that there is no statistical significance
H1: there is a statistical significance and it is over 0.05
In: Statistics and Probability
The results of a survey comparing the costs of staying one night in a full-service hotel (including food, beverages, and telephone calls, but not taxes or gratuities) for several major cities are given in the following table. Do the data suggest that there is a significant difference among the average costs of one night in a full-service hotel for the five major cities? Maximum Hotel Costs per Night ($) New York Los Angeles Atlanta Houston Phoenix 289 196 184 292 262 345 214 242 296 262 348 216 333 337 305 277 192 298 257 258 266 262 195 217 199 Step 1 of 2 : Find the value of the test statistic to test for a difference between cities. Round your answer to two decimal places, if necessary.
In: Statistics and Probability
Park Corporation is planning to issue bonds with a face value of $650,000 and a coupon rate of 7.5 percent. The bonds mature in 8 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) 2. Prepare the journal entry to record the interest payment on June 30 of this year. 3. What bond payable amount will Park report on its June 30 balance sheet?
In: Accounting
Mark Bortz Electrical (“MBE”) gets a job to install the systems that will control the bank of eight elevators in a new 20-story hotel built in Richardson, TX. MBE obtains the components from the distributor, installs them without any problems, and moves onto the next job. However, prior to opening, the hotel’s owners find that none of the elevators are working.
An expert hired by the hotel determines the problem is that the wiring was improperly installed by MBE. Another contractor rewires the elevator bank and everything works fine.
Diagnosing and repairing the problem delayed the hotel’s opening by two weeks .The owners make a liability claim against MBE for the lost income incurred as a result of the delay in opening the hotel. Will MBE’s CGL insurer cover this claim?
(Answer based on the CGL policy)
In: Finance
You may need to use the appropriate technology to answer this question.
Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentinel). Hotel occupancy data for February in two consecutive years are as follows.
| Current Year | Previous Year | |
|---|---|---|
|
Occupied Rooms |
1,470 | 1,458 |
|
Total Rooms |
1,750 | 1,800 |
(b)
What is the estimated proportion of hotel rooms occupied each year?
current previous
(c)
Calculate the test statistic. (Round your answer to two decimal places.)
What is the p-value? (Round your answer to four decimal places.)
p-value =
(d)
What is the 95% confidence interval estimate of the change in occupancy for the one-year period? (Round your answers to four decimal places.)
to
In: Statistics and Probability