Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Based on the Contributory Income Statement below answer the following question: What is the Contributory Income from Rooms department expressed as a percentage * for
Based on the Contributory Income Statement below answer the following question: What is the Contributory Income from Rooms department expressed as a percentage * for your answer round to the whole number DO NOT use decimals, percentage signs, dollar signs not periods nor commas. i.e., (11) 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 FOOD & BEVERAGE * SPA * Total ROOMS 1.446.400 1.540.000 705.600 SALES REVENUE DIRECT EXPENSES Cost of Sales Labour Other Direct Costs Total Direct Costs 548.000 650.000 156.000 S 1.354.000 900.000 424.000 196.000 1.520.000 188.000 190.000 74.600 $ 452.600 S INDIRECT EXPENSES Admin/General Marketing Utilities Property Ops & Maint Depreciation Insurance 195.000 190.000 100.000 75.000 50.000 45000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started