Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 21 Not yet answered Points out of 5.00 P Flag question As the manager of the 500-room Palm Tree Hotel you are conducting operation's
Question 21 Not yet answered Points out of 5.00 P Flag question As the manager of the 500-room Palm Tree Hotel you are conducting operation's performance analysis for the previous month. Your budgeted target for the previous month was $150 ADR and 65% occupancy. Your standard room variable cost is $30 per occupied room, in addition, each occupied room requires 2 hours of housekeeping labor at $8 per hour. According to the reports you sold 10200 rooms, total Rooms Department Revenue was $1,632,000, and total Rooms Department cost, including housekeeping, was $546,720. The Housekeeping department reported 24480 hours and labor cost of $220,320. What is the Sales Price Variance? Select one: a. $102,000 Unfavorable b. $97,500 Unfavorable c. $97,500 Favorable O d. $102,000 Favorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started