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For the first week of May, the Heart of Kings Hotel budgeted for 2,100 room nights at an average room rate of $125. Actual room

For the first week of May, the Heart of Kings Hotel budgeted for 2,100 room nights at an average room rate of $125. Actual room nights for the week totaled 2,000 with an average room rate of $130.

The price variance for the week was: a. $9,000 favorable. b. $10,500 unfavorable. c. $10,500 favorable. d. $9,000 unfavorable.

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