A. Review sources of funding available to HOC and evaluate the contribution made by a range of methods of generating income?

B. Discuss elements of cost (including categorizing costs as fixed, variable and semi- variable), and selling prices for products and services, and evaluate methods of controlling stock and cash in HOC?

C. Discuss the process and purpose of budgetary control and analyse variances from budgeted and actual figures, offering suggestions for appropriate future management action, ?

D. Calculate and analyze THE FOLLOWING: -

#Gross Profit Margin

# Net Profit Margin

# Gross Profit Percentages

# Average Daily Room Rate (ADR)

# Revenue per available room (RevPAR)

#Revenue per available seat hour (RevPASH) (monthly basis)

You are the Executive Assistance Manager working for Hotel Orchard Central Limited (HOC). Recently your hotel has finalized the department annual report for 2020. Based on the annual report, as shown below, your General Manager has requested you to analyse the overall operation of the F&B department and Rooms Division and prepare a report for the management F&B Department Operating statement of Hotel Orchard Central Limited (Year Ending 31" December 2020) Budget $ 000 25,000 19,400 5,600 Actual $ '000 25,608 20,900 4,708 5,500 5,860 1,412 Total Revenue Food Beverage Cost of Goods Sold Food Beverage Total Cost of Goods Sold Fixed labor cost Variable labor cost Other Expenses Employee Benefits Direct Operating Cost Licensing Fees Repair & Maintenance General & Administrative Cost Insurance Net profit 1,680 7,180 3,500 200 7,272 3,500 135 650 650 850 570 60 60 150 131 250 210 320 320 12,760 11,840 Total Number of covers served - 495,000 Total Restaurant Operating Hours in 2019 = 2880 hours (based on 10 Hours/day, 6 days/week) Total Number of Seats = 190 seats (based on 3 F&B Outlets) ADDITIONAL INFORMATION ON HOC. ROOM TYPE ROOM A @ $450, Rooms Available - 100 rooms ROOM B @ $310, Rooms Available - 180 rooms ROOM C @ $225, Rooms Available - 120 rooms NO. ROOMS SOLD IN 2020 1650 2560 1860