1.

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

Answer»

 

FOOD COST

RECIEPTSAMOUNT
Opening stock40,000
Less Closing stock10,000
30,000
Add Fresh purchases15,000
45,000
Less Staff meal1000
Less Complimentary food2000
Total42,000

Total food cost = Rs.42,000/-

LABOUR COST

Wages and salaries25000
LTC2000
Staff meal1000
Medical Reimbursement800
Laundry (1500-500)500
Contribution towards EPF1000
Interest Subsidy500
Total30,800

Labour cost = Rs.30,800/-



Discussion

No Comment Found

Related InterviewSolutions