I Want a cover page, put my name ( Azzam Abdullah Algamdi) , ID number( 2240025) , subject name ( Cost control) , Doctor’s name ( Ridda Jad-Alrrab) , Name of university( King Abdulaziz University) and its logo , name of faculty (Faculty of Tourism) and its logo, i will send both of the logos to you.
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
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