Podcast
Questions and Answers
What is the first step in determining the cost per service unit?
What is the first step in determining the cost per service unit?
- Calculating the total semi-variable cost (correct)
- Calculating the total service cost
- Determining the total service unit
- Adding all costs together
In Example #1, what is considered a fixed cost for La MiraBella Hotel's cleaning service?
In Example #1, what is considered a fixed cost for La MiraBella Hotel's cleaning service?
- Cleaning team's salary (correct)
- Equipment
- Supplies
- Total variable costs
How many hours does it take for the cleaning team at La MiraBella Hotel to clean the entire hotel daily?
How many hours does it take for the cleaning team at La MiraBella Hotel to clean the entire hotel daily?
- 5 hours
- 12 hours (correct)
- 10 hours
- 15 hours
What is the total service unit calculation for La MiraBella Hotel?
What is the total service unit calculation for La MiraBella Hotel?
What is the formula to calculate service cost per unit?
What is the formula to calculate service cost per unit?
What is the first step to calculate the product cost per unit?
What is the first step to calculate the product cost per unit?
How is the product cost per unit calculated in the given scenario?
How is the product cost per unit calculated in the given scenario?
What is service costing mainly used for?
What is service costing mainly used for?
Which cost is not included in the calculation of product cost per unit?
Which cost is not included in the calculation of product cost per unit?
What should be done after summing up all direct materials and direct labor costs?
What should be done after summing up all direct materials and direct labor costs?
If 10,000 pieces of ice cream are produced instead of 7,000, how does this change affect the product cost per unit?
If 10,000 pieces of ice cream are produced instead of 7,000, how does this change affect the product cost per unit?
What is a predetermined markup percentage?
What is a predetermined markup percentage?
Which formula is used to calculate the predetermined markup percentage?
Which formula is used to calculate the predetermined markup percentage?
In Edward's example, what revenue increase does he aim for?
In Edward's example, what revenue increase does he aim for?
What is the purpose of determining the total product cost according to the text?
What is the purpose of determining the total product cost according to the text?
What does the desired profit represent in the context of business?
What does the desired profit represent in the context of business?
What formula can Edward use to compute his desired profit?
What formula can Edward use to compute his desired profit?
