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 F & B department expressed in dollars? *for

image text in transcribed
Based on the Contributory Income Statement below answer the following question: What is the Operating Income from F & B department expressed in dollars? *for your answer round to the whole number DO NOT use decimals, percentage signs, dollar signs not periods nor commas. l.e. (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 % FOOD & BEVERAGE X SPA % Total 2.712.000 2.860.000 980.000 SALES REVENUE DIRECT EXPENSES Cost of Sales Labour Other Direct Costs Total Direct Costs 548.000 650.000 156.000 900.000 424.000 196.000 188.000 190.000 74.600 INDIRECT EXPENSES Admin/General Marketing Utilities Property Ops & Maint Depreciation Insurance 195.000 190.000 100.000 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

The Politics Of Internal Auditing

Authors: Dr. Larry Rittenberg, Patty Miller

1st Edition

0894139053, 978-0894139055

More Books

Students also viewed these Accounting questions

Question

=+. Let 2 be the unit square [(x, y): 0 Answered: 1 week ago

Answered: 1 week ago