QUESTION 1: Davie's Hotel budgeted 800 room sales for the week ended June 24th. The...
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Accounting
QUESTION 1:
Davie's Hotel budgeted 800 room sales for the week ended June 24th. The estimated average price per room was $18.50. The actual average price per room was 10 percent greater than anticipated, while room sales in units were 10 percent less than forecasted.
Complete the following table for the Hotels revenue variance analysis.
|
| Rooms | Rate | Total |
| Budget | 800 | $18.50 |
|
| Actual |
|
|
|
| Difference |
|
|
|
A) Calculate the budget variance.
B) Calculate the price variance.
C) Calculate the volume variance.
D) Calculate the price-volume variance.
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