Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following are the financial results for January for the Lumberjack Hotel. Please use this table for questions 1-6. Actual Budget Last Year Time Atter 1

image text in transcribed
image text in transcribed
Following are the financial results for January for the Lumberjack Hotel. Please use this table for questions 1-6. Actual Budget Last Year Time Atter 1 Mi Room Revenue $695,000 $680,000 $650,000 Room Profit $500,000 $486,000 $460,000 Average Room Rate $67.50 $68.00 $65.66 Rooms Sold 10,300 10,000 9,900 Occupancy Percent 83.1% 80.1% 79.8% Restaurant Revenue $126,000 $125,000 $124,000 Beverage Revenue $48,000 $50,000 $47,000 Catering Revenue $240,000 $250,000 $245,000 Total F&B Revenue $414,000 $425,000 $416,000 Gift Shop Revenue $23,000 $22,000 $21,000 Total Revenues $1,132,000 $1,127,000 $1,087,000 Question 4 1 pts Similar to the above, calculate the dollar change and the percentage change for Rooms Sold. (Round to the nearest whole number or percent). Calculate this change when comparing Actual values to Budgeted values and when comparing Actual Values to Last Year's values. Rooms Sold Actual Change compared to Budget Actual Change compared to Last Year Dollar Change Percentage Change

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Top Accounting And Auditing Issues For 2023

Authors: CCH Tax Law Editors

1st Edition

0808059335, 978-0808059332

More Books

Students also viewed these Accounting questions

Question

What magazine and ads did you choose to examine?

Answered: 1 week ago