Tourism industry is one of the rapid growing industries around the globe. The boom of mass tourism at the twentieth century becomes widespread with the alternative tourism attendance. The conditions today forcing touristic destinations and tourism enterprises for challenging. This competition pressure affecting the choices and activities of the enterprises. Thus, the importance of utilizing the resources more efficient and effective becomes increased. Therefore, enterprises should more emphasis on cost management systems. Questions for Discussion: (2.5 X 4 = 10 Marks) a. How cost accounting helps tourism firm in determining the price? b. Which kind of decision can be taken by tourism firm using cost accounting method? c. Which technique of costing can be used in tourism firm and why that technique can be used? d. What are the benefits enjoyed by tourism firm by adopting cost accounting? Graduate attributes covered: Scholastic rigor & practical competence: creative thinking, problem solving, analytical thinking, time management, dexterousness and knowledgeability The following data from the adjusted trial balance of Al Muna Market LLC Al Muna Market LLC - Trial balance for the year ended 31" December 2018 Account Debit Credit Sales discounts 6,000 Sales returns 2,000 Sales 790,000 Gain on sale of land 15,800 Interest expense 12,000 Salesman salary 2,200 Bad debts expense 1500 Cost of Goods sold 680,000 Office expense 22,500 Depreciation: office equipment 5000 Utilities expense 6500 Advertising expense 15000 Insurance expense 5,500 Additional Information: 1. Retained earnings as on 1st January 2018 is RO 30,000 2. Dividends paid during the year RO 7,000