1. The Hotel owners and managers would like to know from you the major areas of concern where there is a deviation (TASK 1 - Budget Variance Calculations) that needs further monitoring and improvement. 2. Explain the importance to the owners of monitoring budgets and why do you think it will help them to manage their finances better for the business. 3. Explain to them the use of analysing the monthly budget and comparing the forecasted budget against the actual budgets. 4. Explain your findings and possible reasons for these variances. 5. Research and suggest what improvements do you think the owners can take to improve this situation?