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A restaurant has 100 seats with an average turnover of 2.5, and an average check of $14.75. If the restaurant is open 260 days/year, what
A restaurant has 100 seats with an average turnover of 2.5, and an average check of $14.75. If the restaurant is open 260 days/year, what is the annual sales revenue? | ||||
Number of seats | ||||
Seat turnover/day | ||||
Average check | ||||
Days open per year | ||||
Estimated annual revenue | ||||
A motel has 80 rooms, an occupancy rate of 62% and an average room rate of $74.00. What is the estimated sales revenue for the month of April? | ||||
Number of rooms | ||||
Occupancy rate | ||||
Average room rate | ||||
Days in April | ||||
Estimated April revenue | ||||
A motel budgets 8,000 rooms sold at a price of $82.00/room. Actual sales were 8,480 rooms at $77.00 each. Compute the price, volume and budget variances and indicate whether they are favorable or unfavorable. | ||||
Volume | Price | Variance | Fav/Unfav? | |
Price Variance | ||||
Volume Variance | ||||
Budget Revenue | Actual Revenue | Variance | Fav/Unfav? | |
Revenue Budget Variance | ||||
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