Flexible Budget Neptune Rentals offers a boat rental service. Consider the follo
ID: 2381999 • Letter: F
Question
Flexible Budget
Neptune Rentals offers a boat rental service. Consider the following costs of the company over a range of 10,000 to 12,000 hours of operating time for its boats.
Compute the missing amounts in the flexible budget.
Neptune Rentals
Flexible Budget
Hours of Operating Time
Total Costs:
10,000 Hours
11,000 Hours
12,000 Hours
Variable Costs
$40,000
(a)
(b)
Fixed Costs
180,000
(c)
(d)
Total Costs
$220,000
(e)
(f)
Cost Per Hour:
Variable Cost
(g)
(h)
(i)
Fixed Cost
(j)
(k)
(l)
Total Cost Per Hour
(m)
(n)
(o)
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Hours of Operating Time
Total Costs:
10,000 Hours
11,000 Hours
12,000 Hours
Variable Costs
$40,000
(a)
(b)
Fixed Costs
180,000
(c)
(d)
Total Costs
$220,000
(e)
(f)
Cost Per Hour:
Variable Cost
(g)
(h)
(i)
Fixed Cost
(j)
(k)
(l)
Total Cost Per Hour
(m)
(n)
(o)
38) Print the document named "Flexible Budget" that is attached to this exam . Compute the missing amounts in the flexible budget. Enter the amounts for items (a) through (o) in this exact format: $40,000.00. Be sure to enter a dollar sign. Enter commas in the appropriate places. Enter a decimal point. Enter the answer for (a) here: (1pts) 39) Using the "Flexible Budget" attachment, enter the answer for (b) here: (1pts) 40) Using the "Flexible Budget" attachment, enter the answer for (c) here: (1pts) 41) Using the "Flexible Budget" attachment, enter the answer for (d) here: (1pts) 42) Using the "Flexible Budget" attachment, enter the answer for (e) here: (1pts) 43) Using the "Flexible Budget" attachment, enter the answer for (f) here: (1pts) 44) Using the "Flexible Budget" attachment, enter the answer for (g) here: (1pts) 45) Using the "Flexible Budget" attachment, enter the answer for (h) here: (1pts) 46) Using the "Flexible Budget" attachment, enter the answer for (i) here: (1pts) 47) Using the "Flexible Budget" attachment, enter the answer for (j) here: (1pts) 48) Using the "Flexible Budget" attachment, enter the answer for (k) here: (1pts) 49) Using the "Flexible Budget" attachment, enter the answer for (l) here: (1pts) 50) Using the "Flexible Budget" attachment, enter the answer for (m) here: (1pts) 51) Using the "Flexible Budget" attachment, enter the answer for (n) here: (1pts) 52) Using the "Flexible Budget" attachment, enter the answer for (o) here: (1pts)
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Explanation / Answer
(A) = 40000/10000 * 11000 = 44000
(b) = 40000/10000 * 12000 = 48000
(c) = 180000
(d)= 180000
(e) = a+ c = 44000+180000 = 224000
(f) = b + d = 48000 + 180000 = 228000
(g) = 40000/10000 = 4 p.hour
(h) = 4 p.hour
(i) = 4 p.hour
(j) = 180000/10000 = 18 p.hour
(k) = c/11000 = 180000/11000 = 16.36 p.hour
(l) = d/12000 = 180000/12000 = 15 p.hour
(m) = g + j = 4 + 18 = 22 p.hour
(n) = h+k = 4+16.36 = 20.36
(o) = i +l = 4 + 15 = 19 p.hour
variable per hour will remain same irrespective of the chanse in hours
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