Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
Utilization rate
Stop-X-Stay and Paradise Inn operate motels across the northwest. Operating data for each chain are as follows:
For August, each chain reported the following:
Determine the occupancy rate tor Stop-N-Stay for August.
Concept Introduction:
Standard Costing System:
Standard Costing system allows estimating the costs, preparing budgets for future periods, and analyzing the performance by comparing the budgets with actual results and find variances.
To Calculate:
The occupancy rate for Stop-N- Stay for August
The occupancy rate for Stop-N- Stay for August is calculated as follows:
| Total Rooms (A) | 9000 |
| Number of days (B) | 31 |
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