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The following information has been extracted from the books of XYZ hotel. Calculate the food and labour cost.RECEIPTSAMOUNT(Rs)Sales1,50,000Opening stock40,000Closing stock10,000Fresh purchases15,000Wages and salaries25,000Electricity800Rent10,000Telephone500LTC paid to staff2000Printing400Food consumed by staff worth2000 but charges 1000Complimentary food2000Medical Re-imbursement800Laundry1500 out of which staff uniform 500Gas and fuel800Contribution towards EPF1000Interest Subsidy500Miscellaneous500 |
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Answer»
FOOD COST
Total food cost = Rs.42,000/- LABOUR COST
Labour cost = Rs.30,800/- |
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