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Question 1: Use the table to analysis variance 1. Food expense variance (Main ingredient of the meal served) (Level 1, 2, & 3) Hint -
Question 1: Use the table to analysis variance
1. Food expense variance (Main ingredient of the meal served) (Level 1, 2, & 3)
Hint - describe this variance ( Level 1,2 &3) above:
? Conduct a variance analysis on your event budget/actual results
? Explain the impact of the variances on profitability
? Provide reasons for why the variances occurred
? Suggest recommendations for how to address similar issues in the future
? explain the profitability impact, reasons for the variances and recommendation
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