A restaurant is opening in Laie and is going to cater to the rich and the famous. It is a 35 seat restaurant open 7 days a week for dinner, 6 days a week for lunch and breakfast. And an additional 52 days a year for brunch (this happens on the days that they are closed for breakfast and lunch). Assume there are 52 weeks a year.

Meal Seat TO Average check

Bfast 3 14.95

Lunch 1.3 18.00

Dinner 1.5 45.00

Brunch 4 62.00

1. Calculate the forecasted annual revenue and average check for the entire restaurant.
2. If actual results at the end of the year were 2,100,000 in revenue and 190 covers per day, what would your Total Variance, your Volume Variance and your Price Variance be per day? List each as favorable or unfavorable. Do not round your numbers.