1 points g department at ABC Hotel deep cleaned 3,000 rooms. The standard for deep cleaning the rooms is 3 hours per room. The rate of pay for deep cleaning is The $6.00 per hour, but the hotel actually paid $7.00 per hour. The actual hours used to deep clean the 3,000 rooms were 9 500. How much was the rate variance? Formulas you might need: PV = Budgeted Volume X (Actual Price-Budgeted Price) VV Budgeted Price x (Actual Volume-Budgeted Volume) PVV- (Actual Price-Budgeted Price)x (Actual Volume-Budgeted Volume) CV = Budgeted Volume x (Budgeted Cost-Actual Cost) VV - Budgeted Costs x (Budgeted Volume -Actual Volume C-VV = (Budgeted Cost-Actual Cost) x (Budgeted Volume-Actual Volume) VV = Budgeted Rate x (Budgeted Time-Allowable Time for Actual Output) RV- Budgeted Time x (Budgeted Rate- Actual Rate) Ev Budgeted Rate x (Allowable Time for Actual Output-Actual Time) R-TV (Budgeted Time - Actual Time) x (Budgeted Rate-Actual Rate $3,000 favorable O $3,000 unfavorable $3,500 favorable 20 of 21