Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the operating income for the rooms department? * for your answer DO NOT use decimals, dollar signs nor periods, or commas. I.e.,

What is the operating income for the rooms department? *for your answer DO NOT use decimals, dollar signs nor periods, or com 

What is the operating income for the rooms department? * for your answer DO NOT use decimals, dollar signs nor periods, or commas. I.e., (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 4200 sq feet Food & Beverage Department 2500 sq feet Rooms Department 900 sq feet UR HOTEL Contributory Income Statment For the period ending December 31, 2020 ROOMS % FOOD & BEVERAGE SPA Total SALES REVENUE 808.000 1.200.000 484.000 2.492.000 DIRECT EXPENSES Cost of Sales 196.320 436.000 128.880 761200 Labour Other Direct Costs Total Direct Costs 230.560 394.000 105.650 730.210 96.720 176.000 74.600 347320 INDIRECT EXPENSES Admin/General Marketing Utilities 44.000 30.000 30.000 Property Ops & Maint Depreciation 44 240 19.000 Insurance 10.000 Total Indirect Costs Operating Income (IB.I.T) Square Footage 4.200 2.500 900

Step by Step Solution

3.23 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

UR HOTEL Contributory Income Statement For the period ending December 31 2020 Room FOOD BEVERAGE SPA ... 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

Survey of Accounting

Authors: Edmonds, old, Mcnair, Tsay

2nd edition

9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555

More Books

Students also viewed these Accounting questions

Question

What is the operating cycle?

Answered: 1 week ago

Question

What is the operating band?

Answered: 1 week ago

Question

What is information overload?

Answered: 1 week ago