Accounting Question

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