A restaurant has 80 seats with an average turnover of 2.2, and an average check of $15.75. 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 Annual sales revenue formula: # of seats seat turnover average check days open Number of rooms Occupancy rate Average room rate Days in April Estimated April revenue $15.75 260 $720,720 per year E9.2 A motel has 75 rooms, an occupancy rate of 72% and an average room rate of $74.00. What is the estimated sales revenue for the month of April? 80 2.2 Monthly sales revenue formula #of rooms occupancy rate average roomrate days month Price Variance Volume Variance. 72% $74.00 30 $3,996 75 E9.3 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/Unfa