Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the Contributory Income Statement below answer the following question: What is the Operating Income from Rooms department expressed in dollars? *for your answer

image text in transcribed

Based on the Contributory Income Statement below answer the following question: What is the Operating Income from Rooms department expressed in dollars? *for your answer round to the whole number DO NOT use decimals, percentage signs, dollar signs not periods nor commas. Le (123456) If your answer is a negative value use a minus sign before le, (-123456) Indirect Expenses are allocated based on the following * Admin/General & Marketing are allocated based on sales % * The rest of Indirect Expenses are allocated based on square footage -Rooms Department 6000 sq feet Food & Beverage Department 3000 sq feet Rooms Department 1500 sq feet UR HOTEL Contributory Income Statment For the period ending December 31, 2020 ROOMS 96 FOOD & BEVERAGE SPA Total 1.800.000 2.200.000 784.000 SALES REVENUE DIRECT EXPENSES Cost of Sales Labour Other Direct Costs Total Direct Costs 55.000 650.000 156.000 900.000 424 000 195.000 188.000 190.000 74.600 INDRECT EXPENSES Admin/General Marketing lutti Froperty Ops & Maint Depreciation Insurance 135 000 190.000 100.000 75.000 50.000 45.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

6. Identify characteristics of whiteness.

Answered: 1 week ago

Question

9. Explain the relationship between identity and communication.

Answered: 1 week ago