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:

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(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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Financial Accounting For Hotels

ISBN: 9781259004940

1st Edition

Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad

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