ABC Company wants to host an awards dinner and guestrooms at your hotel, they will need dinner and drinks for 150 people and 75 guest rooms for one night. Food will be at $85.00 per person and beverages will be $30 per person. Your guest room rate will be $175 per guestroom. • Your food and beverage costs are 35% . Your food and beverage payroll cost is 40% Food and beverage other expenses are $6 per person Your rooms payroll is $24 per guestroom Rooms other expenses is $12 per room Question: The Total rooms expense would be $4200.00 $2100.00 24% $6300.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

DO NOT GIVE SOLUTION IN IMAGE FORMATE 

ABC Company wants to host an awards dinner and guestrooms at your hotel, they
will need dinner and drinks for 150 people and 75 guest rooms for one night. Food
will be at $85.00 per person and beverages will be $30 per person. Your guest room
rate will be $175 per guestroom.
• Your food and beverage costs are 35%
. Your food and beverage payroll cost is 40%
• Food and beverage other expenses are $6 per person
Your rooms payroll is $24 per guestroom
Rooms other expenses is $12 per room
Question: The Total rooms expense would be
$4200.00
$2100.00
24%
$6300.00
D
Transcribed Image Text:ABC Company wants to host an awards dinner and guestrooms at your hotel, they will need dinner and drinks for 150 people and 75 guest rooms for one night. Food will be at $85.00 per person and beverages will be $30 per person. Your guest room rate will be $175 per guestroom. • Your food and beverage costs are 35% . Your food and beverage payroll cost is 40% • Food and beverage other expenses are $6 per person Your rooms payroll is $24 per guestroom Rooms other expenses is $12 per room Question: The Total rooms expense would be $4200.00 $2100.00 24% $6300.00 D
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education