The Ritz Hotel has the following Sales and Cost of Sales (Material Cost) for the first quarter
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The Ritz Hotel has the following Sales and Cost of Sales (Material Cost) for the first quarter of 2006:
(a) For the above period, the sales have remained at the same total, so also the department cost of sales percentages. However, the composition of the total sales has changed to the following: Rooms ` 6,18,640, Food ` 4,35,860, Beverage ` 3,51,500.
(b) Calculate the gross profit for each department and in total taking into consideration the different sales value.
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Related Book For
Financial Accounting For Hotels
ISBN: 9781259004940
1st Edition
Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad
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