I Want a cover page, put my name ( Anas alzahrani ) , ID number( 2239920) , subject name ( Cost control) , Doctor’s name ( Reda Gadelrab) , 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
Instruction for the assignment:
Instruction for writing: A word file A4 pages printed and delivered Type 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 time
Grades assigned: 10 Marks
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