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Create flexible budget for Lone Star Lodging. Calculate the difference between actual and budgeted revenue and expenses (i.e. p. 2 of Standard Costs and Variance
- Create flexible budget for Lone Star Lodging.
- 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?
- 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
- General manager
- Front desk staff
- Head housekeeper
- Housekeepers
- Maintenance wages
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