Problem 9 The Warwick Motel's income statement for 20X6 is provided below: Warwick Motel Income Statement For the year ended December 31, 20X6 Labor Costs Net Cost of & Related Other Income Revenue Sales Expenses Expenses (Loss) Operated Departments $380,000 $ - $ 92,000 54,000 $30,000 $258,000 Rooms 180,000 69,000 20,000 37,000 Food 1,000 296,000 Miscellaneous Income 1,000 Total Operated Departments 561,000 54,000 161,000 50,000 Lindistributed Operating Expenses: Administrative and General 43,250 10,000 53,250 Info. & Telecom. Systems Marketing Prop. Op. Maint. Energy Costs 20,000 10,000 30,000 10,000 10,000 20,000 20,000 27,000 27,000
Problem 9 The Warwick Motel's income statement for 20X6 is provided below: Warwick Motel Income Statement For the year ended December 31, 20X6 Labor Costs Net Cost of & Related Other Income Revenue Sales Expenses Expenses (Loss) Operated Departments $380,000 $ - $ 92,000 54,000 $30,000 $258,000 Rooms 180,000 69,000 20,000 37,000 Food 1,000 296,000 Miscellaneous Income 1,000 Total Operated Departments 561,000 54,000 161,000 50,000 Lindistributed Operating Expenses: Administrative and General 43,250 10,000 53,250 Info. & Telecom. Systems Marketing Prop. Op. Maint. Energy Costs 20,000 10,000 30,000 10,000 10,000 20,000 20,000 27,000 27,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter12: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 12.16E: Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that...
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