HM 322 Cost control Assignment 2 Title: Income Statement Problem 1- Based on the following information:
Sales
$875,000
Sales Allowances
$25,000
Cost of Sales
$276,250
Labor Cost
$51,000
Operating Costs
$395,250
Income Taxes
$42,500
Determine (demonstrate formulas used):Net sales; sales allowances percentage; cost of sales percentage; gross profit; gross profit percentage; mark up percentage; operating cost percentage; operating profit; net profit; net profit percentage 2- Based on the following information:
Rooms
Foods
Beverages
Sales revenue
$250,000
$120,000
$80,000
Cost of sales
$50,000
$36,000
$13,600
Labor Cost
$62,500
$30,000
$19,200
Operating Expenses
$87,500
$41,400
$22,800
Determine (demonstrate formulas used):
The percentage of sales revenue provided by each division
The cost of sales percentage to each division
The gross profit to each division
The operating profit to each division
Instruction for the assignment:Instruction for writing: A word file A4 pages printed and deliveredType of writing style (Times New Roman) font size (14), Line space (1.5), Portrait Layout Justified. Also, a soft copy A4 word file named A2-your ID No. and delivered to the Course Leader.Deadline: Sunday, 28th April, 2024 during class timeGrades assigned: 10 Marks You should have a cover page for your assignment involving the following information: Course Name and its Code; Assignment Title; Student Full Name; Student ID No.;
تم النشر: الأحد ١٨ فبراير, ٢٠٢٤ ١١:٠٤:٢٩ ص ASTHM 322 Cost control Assignment 1 Title: Cost Accounting in Hospitality IndustryExplain and discuss the importance of cost accounting in hospitality operations with an emphasis on the following points:
Cost accounting identification in hospitality operations.
Purposes of cost accounting in hospitality operations.
Importance of cost management in decision making and control.
The hospitality manager’s role in cost control.
Instruction for the assignment: Instruction for writing: A word file A4 pages printed and deliveredType of writing style (Times New Roman) font size (14), Line space (1.5), Portrait Layout Justified, 30 lines a page, and each point should be covered in one page at minimum or two pages at maximum, i.e. 4-8 pages to cover the four points in addition to one page—a cover page at beginning, and another one for list of references used at the end. Also soft copy A4 word file named A1-your ID No. and delivered to the Course Leader.Deadline: Sunday, 3rd March, 2024 during class time.Grades assigned: 10 Marks You should have a cover page for your assignment involving the following information: Course Name and its Code; Assignment Title; Student Full Name; Student ID No.; Submitted to whom, Date of SubmissionA list of References used should be added by the end of Assignment
