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(Q4-Q10) Tip: Read the CH10 Lecture Slides. Solve the questions, using the equations provided on the CH10 Lecture Slides. Assume that your hotel has a
(Q4-Q10) Tip: Read the CH10 Lecture Slides. Solve the questions, using the equations provided on the CH10 Lecture Slides. Assume that your hotel has a restaurant. - The restaurant projected 3,000 lunches to be sold for September at an average price of $5.50. - The actual sales were 3,200 meals and food revenue of $18,400. - Use the information above and the table below to solve the questions. 4. What was the total budgeted revenue (\$)? - Note: The Answer field only accepts numbers. Thus, do not include \$ or commas when you type your answer. Type your answer as a whole number. 5. What was the actual price per unit (\$)? Note: Do not include $ or commas when you type your answer. Type your answer with two decimal places (e.g., 4.65). Question 6 6 pts 6. Determine the budget variance (i.e., total revenue variance) (\$). Note: The Answer field only accepts numbers. Thus, do not include $ or commas when you type your answer. Type your answer as a whole number. Question 7 6 pts 7. Determine the volume variance (\$). 8. Determine the price varance (\$). Note: The Answer field only accepts numbers. Thus, do not include \$ or commas when you type your answer. Type your answer as a whole number. Question 9 6 pts 9. Determine the price-volume variance (\$). Note: The Answer field only accepts numbers. Thus, do not include \$ or commas when you type your answer. Type your answer as a whole number. Question 10 5 pts 10. Which variance was favorable? The volume variance The price variance The budget variance (i.e., total revenue variance)
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