Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 Not yet answered Selected accounts for Hisar Hotel relating to its operations for the year 2021 are presented below. Hotel Hisar has three

image text in transcribed

Question 3 Not yet answered Selected accounts for Hisar Hotel relating to its operations for the year 2021 are presented below. Hotel Hisar has three operating departments: Rooms, F&B and Minor Operated Departments. Please use only the relevant accounts. Administrative and General Expenses 157,500 Marked out of 40.00 32,000 P Flag question 69,300 411,500 46,700 Unearned Revenues Marketing and Related Expenses Cost of Sales - F&B Dept. Cost of Sales - Minor Operated Dept. Depreciation Expense Heat, Light, Power Expenses Insurance Expense Interest Expense Other Expenses - Minor Operated Dept 180,000 75,400 56,000 160,000 8,200 92,740 72,100 334,950 Other Expenses - Rooms Dept. Other Expenses - F&B Dept. Payroll Expenses- F&B Dept. Payroll Expenses - Minor Op. Dept. Payroll Expenses - Rooms Dept. Prepaid Expenses Repairs and Maintenance Expenses Salaries Payable Sales Revenue - F&B Department 31,670 196,200 24,000 114,120 20,000 920,000 Sales Revenue - Rooms Dept. 1,180,000 Sales Revenue - Minor Op. Dept. 95,000 Tax Expense 25% a. Prepare the departmental income statements and calculate the departmental incomes of Hisar Hotel for the year 2021. b. Calculate contributory income percentages of the departments. C. Prepare departmentalized income statement (alternative income statement in summary format) for the Hisar Hotel for the year 2021. Windows'u Etkinletir Windows u etkinletirmek iin Ayarlara gidin. d. What would happen to the net profit of the hotel if 100.000 TL of revenue shifted from the F&B department to the rooms department (without changing the total level revenue of the hotel)?' Please calculate the change in net income, assuming there will be no other expenses are necessary to make this shift

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_2

Step: 3

blur-text-image_3

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

Principles of Cost Accounting

Authors: Edward J. Vanderbeck

16th edition

9781133712701, 1133187862, 1133712703, 978-1133187868

More Books

Students also viewed these Accounting questions

Question

9.7 List and briefly discuss four management development methods.

Answered: 1 week ago