29 Jun Question 107. SeaScape Resorts owns a
Question
107. SeaScape Resorts owns and operates two resorts in a coastal town. Both resorts are located on a barrier island that is connected to the mainland by a high bridge. One resort is located on the beach and is called the Crystal Coast Resort. The other resort is located on the inland waterway which passes between the town and the mainland; it is called the Harborview Resort. Some key information about the two resorts for the current year is shown below.
The nontraceable operating costs of the resort amount to $3 million. By careful study, the management accountant at SeaScape has determined that, while the costs are not directly traceable, the total of $3 million could be fairly allocated to the four cost drivers as follows.
Determine the amount of cost to be allocated to the Harborview Resort using revenue as an allocation base.
A. $1,050,000
B. $1,950,000
C. $1,500,000
D. $420,000
E. $1,680,000
108. SeaScape Resorts owns and operates two resorts in a coastal town. Both resorts are located on a barrier island that is connected to the
mainland by a high bridge. One resort is located on the beach and is called the Crystal Coast Resort. The other resort is located on the inland waterway which passes between the town and the mainland; it is called the Harborview Resort. Some key information about the two resorts for the current year is shown below.
The nontraceable operating costs of the resort amount to $3 million. By careful study, the management accountant at SeaScape has determined that, while the costs are not directly traceable, the total of $3 million could be fairly allocated to the four cost drivers as follows.
What is the operating profit of the Crystal Coast Resort, using revenue as an allocation base?
A. $2,450,000
B. $1,600,000
C. $1,500,000
D. $4,550,000
E. $3,550,000
109. SeaScape Resorts owns and operates two resorts in a coastal town. Both resorts are located on a barrier island that is connected to the mainland by a high bridge. One resort is located on the beach and is called the Crystal Coast Resort. The other resort is located on the inland waterway which passes between the town and the mainland; it is called the Harborview Resort. Some key information about the two resorts for the current year is shown below.
The nontraceable operating costs of the resort amount to $3 million. By careful study, the management accountant at SeaScape has determined that, while the costs are not directly traceable, the total of $3 million could be fairly allocated to the four cost drivers as follows.
Using the information regarding the allocation of the $3 million to the four cost drivers, determine the amount of cost to be allocated to the Harborview Resort.
A. $1,050,000
B. $1,950,000
C. $1,500,000
D. $715,000
E. $1,680,000
110.SeaScape Resorts owns and operates two resorts in a coastal town. Both resorts are located on a barrier island that is connected to the mainland by a high bridge. One resort is located on the beach and is called the Crystal Coast Resort. The other resort is located on the inland waterway which passes between the town and the mainland; it is called the Harborview Resort. Some key information about the two resorts for the current year is shown below.
The nontraceable operating costs of the resort amount to $3 million. By careful study, the management accountant at SeaScape has determined that, while the costs are not directly traceable, the total of $3 million could be fairly allocated to the four cost drivers as follows.
Using the information regarding the allocation of the $3 million to the four cost drivers, determine the operating profit of the Crystal Coast Resort.
A. $1,500,000
B. $2,050,000
C. $2,785,000
D. $3,525,000
E. $4,215,000
111. SeaScape Resorts owns and operates two resorts in a coastal town. Both resorts are located on a barrier island that is connected to the mainland by a high bridge. One resort is located on the beach and is called the Crystal Coast Resort. The other resort is located on the inland waterway which passes between the town and the mainland; it is called the Harborview Resort. Some key information about the two resorts for the current year is shown below.
The nontraceable operating costs of the resort amount to $3 million. By careful study, the management accountant at SeaScape has determined that, while the costs are not directly traceable, the total of $3 million could be fairly allocated to the four cost drivers as follows.
The Crystal Coast resort is likely to be favored in terms of a lower cost allocation under:
A. Revenue-based allocation.
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