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Q4. Adele, the manager of 'Adkins' hotel has the following data from last month sales: Room Nights (V)Average Price (P)Total Revenue S75 $70 375 Budgeted335

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Q4. Adele, the manager of 'Adkins' hotel has the following data from last month sales: Room Nights (V)Average Price (P)Total Revenue S75 $70 375 Budgeted335 Actual Difference a. What is the 'Price Variance' (PV) for this hotel? Is it favorable or unfavorable to the property? b. What is the 'Volume Variance' (VV) for this hotel? Is it favorable or unfavorable to the property? What is the 'Price-Volume Variance (P-VV) for this hotel? Is it favorable or unfavorable to the property? c. d. What is the 'Total Variance' for this hotel? Is it favorable or unfavorable to the property? Q4. Adele, the manager of 'Adkins' hotel has the following data from last month sales: Room Nights (V)Average Price (P)Total Revenue S75 $70 375 Budgeted335 Actual Difference a. What is the 'Price Variance' (PV) for this hotel? Is it favorable or unfavorable to the property? b. What is the 'Volume Variance' (VV) for this hotel? Is it favorable or unfavorable to the property? What is the 'Price-Volume Variance (P-VV) for this hotel? Is it favorable or unfavorable to the property? c. d. What is the 'Total Variance' for this hotel? Is it favorable or unfavorable to the property

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