1. Create flexible budget for Lone Star Lodging.
2. Calculate the difference between actual and budgeted revenue and expenses (i.e. p. 2 of Standard Costs and Variance Analysis). What do you infer about performance relative to expectations? What appears to have gone favorably vs. unfavorably?
3. Calculate price and quantity variances for the following labor line items and discuss what you infer:
   • General manager
   • Front desk staff
   • Head housekeeper
   • Housekeepers
   • Maintenance wages