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didnt get an answer on these and i really need urgent help!! 5. The following information is available from the housekeeping department of Hotel Fabulous

didnt get an answer on these and i really need urgent help!! image text in transcribed
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5. The following information is available from the housekeeping department of Hotel Fabulous (20 Marks) Budgeted hours for Room Attendants The budgeted time required to clean each room Actual rooms cleaned Actual hours used Budgeted Rate for room attendant Actual wages paid to room attendants 600 hours 30 minutes 1300 rooms 630 hours $3.50/hour $2,142 Required; Please mark (F) or (U) What is the amount of budget variance? What is the amount of volume variance? What is the amount of efficiency variance? What is the amount of rate variance? a. b. c. d. Budget variance Focus Normal No Spacing A proposed budget Inn, Beans Inn, is scheduled to open in two months. The owner Mr. Beans seeks your advice on pricing. He provides you information as follows: 6. (15 Marks) $1,000,000 20 percent 20 percent 2,000,000 10 percent M. Beans investment Mr. Beans desired ROI Mr. Beans marginal tax rate Funds borrowed nterest Rate Forecasted annual costs: Other fixed charges Management fees Rooms department expense Undistributed operating expense $400,000 5 percent of room sales 20 percent of rooms sales $100,000 Assume that Beans Inn has 100 guest rooms, and it expects to have paid occupancy of 80 percent Required Detemine the required Average Daily Rate (ADR) Total Revenue Tolal Rooms Sold for the year- ADR F4 FS

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