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