Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. accounting matter. please help me. thank you 3. a

ACCOUNTING MATTER. PLEASE HELP ME. THANK YOU 3. A motel had budgeted an occupancy...

90.2K

Verified Solution

Question

Accounting

ACCOUNTING MATTER. PLEASE HELP ME. THANK YOUimage

3. A motel had budgeted an occupancy of 8,000 rooms with a selling price of $82.00 per room and a variable housekeeping cost of $4.50 per room. Actual data indicated that a total of 8,550 rooms were sold at an average selling price of $76.00 per room and the actual cost of housekeeping was $4.80 per room. (18 marks) Answer the following questions about the housekeeping costs: a. What is the cost variance? Is it favorable or unfavorable and state why? b. What is the quantity volume variance? Is it favorable or unfavorable and state why? c. What is the budget variance? Is it favorable or unfavorable and state why? Answer the following questions about the sales revenue: d. What is the price variance? Is it favorable or unfavorable and state why? e. What is the sales volume variance? Is it favorable or unfavorable and state why? f. What is the budget variance? Is it favorable or unfavorable and state why

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students